PACCAR (PCAR) Receives ‘Analyst’ Rating

PACCAR (PCAR) : The consensus on PACCAR (PCAR) based on 16 analyst recommendation on the company stock is 2.63, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

PACCAR (PCAR) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $70 and the lowest price target forecast is $44. The average forecast of all the analysts is $57.39 and the expected standard deviation is $8.11.


Also, Deutsche Bank initiates coverage on PACCAR (NASDAQ:PCAR) The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency announces the price target to $63 per share. The rating by the firm was issued on September 7, 2016.

PACCAR (NASDAQ:PCAR): After opening at $56.75, the stock dipped to an intraday low of $56.34 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.11 and the buying power remained strong till the end. The stock closed at $56.93 for the day, a gain of 0.33% for the day session. The total traded volume was 2,752,054. The stocks close on the previous trading day was $56.74.

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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