PACCAR Inc (NASDAQ:PCAR) has been downgraded to Sell in a report by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded PACCAR Inc (NASDAQ:PCAR) to Sell in a report released on Monday October 03, 2016.
Just yesterday PACCAR Inc (NASDAQ:PCAR) traded -0.02% lower at $58.73. PACCAR Inc’s 50-day moving average is $58.38 and its 200-day moving average is $55.97. The last stock close price is up 5.01% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. Trading volume was down over the average, with 984,811 shares of PCAR changing hands under the typical 2,130,810
PACCAR Inc has a one year low of $43.46 and a one year high of $60.86 with a P/E ratio of 31.19 PCAR’s total market value is presently $0.
A total of 18 equity analysts have released a research note on the stock. Five analysts rating the company a strong buy, one equity analyst rating the company a buy, 16 brokerages rating the stock a hold, 1 broker rating the stock a underperform, and finally one equity analyst rating the company a sell with a one year target of $55.83.
More About PACCAR Inc (NASDAQ:PCAR)
PACCAR Inc (PACCAR) is a global technology company engaged in the design, manufacture and customer support of trucks. The Company operates in three segments: the Truck segment, which includes the design, manufacture and distribution of light-, medium- and heavy-duty commercial trucks; the Parts segment, which includes the distribution of aftermarket parts for trucks and related commercial vehicles, and the Financial Services segment, which includes the finance and leasing products, and services provided to customers and dealers. PACCAR's other businesses include a division of the Company, which manufactures industrial winches in over two the United States plants and markets them under the Braden, Carco and Gearmatic nameplates. PACCAR's trucks are marketed under the Kenworth, Peterbilt and DAF nameplates. PACCAR's finance and leasing activities are principally related to PACCAR products and associated equipment. PACCAR Financial Services (PFS) operates in over 20 countries.
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