PACCAR Inc (NASDAQ:PCAR) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 13, 2016
Zacks Investment Research has upgraded PACCAR Inc (NASDAQ:PCAR) to Hold in a report released on 10/13/2016.
Yesterday PACCAR Inc (NASDAQ:PCAR) traded -1.32% lower at $56.83. The company’s 50-day moving average is $58.27 and its 200-day moving average is $56.22. The last closing price is up 0.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,526,574 shares of the stock traded hands, down from an average trading volume of 2,042,020
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PACCAR Inc has a price-earnings ratio of 30.09 with a one year low of $43.46 and a one year high of $60.86 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $55.83 with 5 firms rating the stock a strong buy, 1 firm rating the stock a buy, 16 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
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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