PACCAR (PCAR) Earns Coverage Optimism Score of 0.25

News headlines about PACCAR (NASDAQ:PCAR) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PACCAR earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4615724324869 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern’s scoring:

Shares of PACCAR (PCAR) traded up 1.15% on Friday, reaching $67.60. 1,670,136 shares of the company’s stock were exchanged. PACCAR has a 52-week low of $53.38 and a 52-week high of $70.32. The company’s 50 day moving average price is $66.21 and its 200-day moving average price is $66.09. The stock has a market cap of $23.75 billion, a P/E ratio of 18.09 and a beta of 1.15.

PACCAR (NASDAQ:PCAR) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.07. The firm had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.29 billion. PACCAR had a return on equity of 18.61% and a net margin of 7.77%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Equities analysts forecast that PACCAR will post $4.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, August 14th. PACCAR’s payout ratio is 26.74%.

Several brokerages have recently issued reports on PCAR. UBS AG raised shares of PACCAR from a “neutral” rating to a “buy” rating and raised their target price for the company from $66.00 to $75.00 in a research note on Tuesday, June 6th. BidaskClub lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $72.00 target price on shares of PACCAR in a research note on Tuesday, September 5th. Zacks Investment Research lowered shares of PACCAR from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Jefferies Group LLC set a $77.00 target price on shares of PACCAR and gave the company a “buy” rating in a research note on Sunday, May 28th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $71.74.

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In other PACCAR news, insider T. Kyle Quinn sold 2,786 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $67.89, for a total transaction of $189,141.54. Following the transaction, the insider now directly owns 20,800 shares in the company, valued at approximately $1,412,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.64% of the stock is currently owned by corporate insiders.

About PACCAR

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.

Insider Buying and Selling by Quarter for PACCAR (NASDAQ:PCAR)

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