PACCAR Inc (NASDAQ:PCAR) has a beta value of 0.92 and has seen 7.69 million shares traded in the last trading session. The company, currently valued at $38.17B, closed the last trade at $111.08 per share which meant it gained $8.83 on the day or 8.64% during that session. The PCAR stock price is 6.14% off its 52-week high price of $104.26 and 32.57% above the 52-week low of $74.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.23 million shares traded. The 3-month trading volume is 2.21 million shares.
The consensus among analysts is that PACCAR Inc (PCAR) is a Hold stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 12 out of 21 have rated it as a Hold, with 4 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $2.16.
PACCAR Inc (NASDAQ:PCAR) trade information
Sporting 8.64% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 01/24/23 when the PCAR stock price touched $111.08 or saw a rise of 0.32%. Year-to-date, PACCAR Inc shares have moved 12.24%, while the 5-day performance has seen it change 9.32%. Over the past 30 days, the shares of PACCAR Inc (NASDAQ:PCAR) have changed 9.94%. Short interest in the company has seen 3.05 million shares shorted with days to cover at 1.7.
Wall Street analysts have a consensus price target for the stock at $102.33, which means that the shares’ value could drop -8.55% from current levels. The projected low price target is $89.00 while the price target rests at a high of $136.00. In that case, then, we find that the current price level is -22.43% off the targeted high while a plunge would see the stock lose 19.88% from current levels.
PACCAR Inc (PCAR) estimates and forecasts
Figures show that PACCAR Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 32.73% over the past 6 months, with this year growth rate of 53.76%, compared to 11.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 46.90% and 18.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 24.00%.
9 analysts offering their estimates for the company have set an average revenue estimate of $7.06 billion for the current quarter. 4 have an estimated revenue figure of $6.41 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $6.3 billion and $5.91 billion respectively for this quarter and the next, and analysts expect sales will grow by 12.10% for the current quarter and 8.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 29.10% over the past 5 years. Earnings growth for 2023 is a modest 42.20% while over the next 5 years, the company’s earnings are expected to increase by 12.76%.
PACCAR Inc is expected to release its next earnings report between April 24 and April 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.00 at a share yield of 0.90%. The company’s dividend yield has gone up over the past 12 months.
PACCAR Inc (NASDAQ:PCAR)’s Major holders
Insiders own 1.74% of the company shares, while shares held by institutions stand at 66.28% with a share float percentage of 67.45%. Investors are also buoyed by the number of investors in a company, with PACCAR Inc having a total of 1,022 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 37.24 million shares worth more than $3.07 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 10.71% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 24.46 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $2.01 billion and represent 7.04% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.65% shares in the company for having 9.21 million shares of worth $758.47 million while later fund manager owns 7.69 million shares of worth $633.48 million as of Jun 29, 2022, which makes it owner of about 2.21% of company’s outstanding stock.