PACCAR (PCAR) Receives Price Target

PACCAR (PCAR) : The highest short term price target forecast on PACCAR (PCAR) is $67 and the lowest target price is $44. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $57 with a standard deviation of $7.84.

PACCAR (PCAR) : 6 brokerage houses believe that PACCAR (PCAR) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PACCAR (PCAR). Zacks Investment Research suggests a Hold with a rank of 3. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.6.


Also, In a research note released to the investors, Barclays maintains its rating on PACCAR (NASDAQ:PCAR).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $45 per share to $47 per share. The rating by the firm was issued on July 27, 2016.

PACCAR (NASDAQ:PCAR): The stock opened at $59.99 on Thursday but the bulls could not build on the opening and the stock topped out at $60.16 for the day. The stock traded down to $58.89 during the day, due to lack of any buying support eventually closed down at $59.55 with a loss of -0.48% for the day. The stock had closed at $59.84 on the previous day. The total traded volume was 1,866,950 shares.

PACCAR Inc is a company operating in three principal industry segments: the Truck segment, includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, includes finance and leasing products and services provided to customers and dealers in the United States, Canada, Mexico, Europe and Australia. The Company also operates in Australia and Brazil, and sells trucks and parts to customers in Asia, Africa, Middle East and South America. The Companys trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. It also manufactures industrial winches in two plants in the United States.

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