News headlines about PACCAR (NASDAQ:PCAR) have been trending positive on Friday, according to Alpha One. The research group, a service of Accern, rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PACCAR earned a daily sentiment score of 0.30 on Alpha One’s scale. Alpha One also gave news headlines about the company an impact score of 43 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:
- PACCAR Inc. (PCAR) Position Reduced by Prudential Financial Inc (eleganthomesinla.com)
- Goldman Sachs Upgrades Rating On PACCAR Inc. (PCAR) (campdesrecrues.com)
- PACCAR Inc. (PCAR) Receives Average Rating of “Hold” from Brokerages (healthcaremenu.net)
- The Zacks Analyst Blog Highlights: Ford Motor, General Motors, Harley-Davidson and PACCAR (finance.yahoo.com)
- Paccar Stock Upgraded by a Bullish Goldman Sachs (finance.yahoo.com)
PACCAR (NASDAQ PCAR) traded up 0.15% during mid-day trading on Friday, hitting $65.21. 2,251,988 shares of the company were exchanged. PACCAR has a 12-month low of $48.17 and a 12-month high of $70.12. The company has a 50 day moving average of $64.36 and a 200 day moving average of $66.17. The stock has a market cap of $22.91 billion, a P/E ratio of 16.12 and a beta of 1.14.
PACCAR (NASDAQ:PCAR) last issued its earnings results on Tuesday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $3.85 billion. PACCAR had a net margin of 8.56% and a return on equity of 19.13%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS. On average, equities research analysts expect that PACCAR will post $3.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Wednesday, May 17th. This is a positive change from PACCAR’s previous quarterly dividend of $0.24. PACCAR’s dividend payout ratio (DPR) is 24.69%.
PCAR has been the subject of a number of research analyst reports. Bank of America Corporation lowered shares of PACCAR from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $70.00 in a research note on Thursday, May 11th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 price target on shares of PACCAR in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) raised shares of PACCAR from a “neutral” rating to a “buy” rating and set a $79.00 price target for the company in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $77.00 price target on shares of PACCAR in a research note on Friday, March 17th. Finally, Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $69.19.
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In other news, VP Alma Lily Ley sold 904 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $67.39, for a total value of $60,920.56. Following the transaction, the vice president now owns 1,679 shares of the company’s stock, valued at approximately $113,147.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.64% of the stock is currently owned by company insiders.
PACCAR Inc (PACCAR) is a technology company. The Company’s segments include Truck, Parts and Financial Services. The Truck segment includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks. The Company’s trucks are marketed under the Kenworth, Peterbilt and DAF nameplates.
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