Somewhat Favorable News Coverage Somewhat Unlikely to Affect PACCAR (PCAR) Stock Price
Media headlines about PACCAR (NASDAQ:PCAR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PACCAR earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8071745744246 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- What’s in Store for PACCAR (PCAR) This Earnings Season? (nasdaq.com)
- What's in Store for PACCAR (PCAR) This Earnings Season? (finance.yahoo.com)
- Hot Tickers: Extraction Oil & Gas, Inc. (XOG), PACCAR Inc (PCAR) – Market Movers (financialqz.com)
- PACCAR (PCAR) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- PACCAR Inc, (NASDAQ: PCAR) – Signals from Technical Perspective – Stock Watch (stocksnewstimes.com)
PACCAR (PCAR) opened at $79.04 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.40 and a current ratio of 2.56. The company has a market capitalization of $27,680.00, a P/E ratio of 20.18, a PEG ratio of 1.64 and a beta of 1.22. PACCAR has a 52 week low of $61.93 and a 52 week high of $79.10.
Several analysts recently commented on PCAR shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price objective on shares of PACCAR in a report on Friday, October 20th. Jefferies Group reiterated a “buy” rating and set a $85.00 target price on shares of PACCAR in a research report on Thursday, October 19th. Citigroup lifted their target price on PACCAR from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, October 13th. UBS Group reiterated a “buy” rating and set a $82.00 target price (up from $76.00) on shares of PACCAR in a research report on Tuesday, October 3rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $77.00 price objective on shares of PACCAR in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and an average price target of $75.58.
In other news, VP C Michael Dozier sold 3,618 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $69.02, for a total transaction of $249,714.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Alma Lily Ley sold 4,024 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $71.00, for a total value of $285,704.00. Following the sale, the vice president now owns 24,319 shares of the company’s stock, valued at approximately $1,726,649. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,598 shares of company stock valued at $7,597,908. 2.64% of the stock is 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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