Stocks of Paccar Inc. (NASDAQ:PCAR) traded higher last session on Wall Street, up 1.85% to $98.90.
PCAR stock price is now -6.62% away from the 50-day moving average and -3.15% away from the 200-day moving average. The market capitalization of the company currently stands at $51.84B.
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On June 26, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $115, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, Poplawski Brice J, Vice President & Controller sold 2,067 shares of the company’s stock on May 10 ’24. The stock was sold for $226,136 at an average price of $109.40. Upon completion of the transaction, the Vice President & Controller now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON sold 33,850 shares of the business’s stock. A total of $3,594,091 was realized by selling the stock at an average price of $106.18. This leaves the insider owning 154,430 shares of the company worth $15.27 million. A total of 1.80% of the company’s stock is owned by insiders.
During the past 12 months, Paccar Inc. has had a low of $78.30 and a high of $125.50. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 1.81, and a quick ratio of 1.43. According to the stock market information, the enterprise value for the company is $60174970880, which is based on a 10.48 price-to-earnings ratio, a 1.55 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for PCAR is $105.7078 and a two-hundred day moving average price translates $102.8838 for the stock.
The latest earnings results from Paccar Inc. (NASDAQ: PCAR) was released for 2024-06-30. The net profit margin was 14.06% and return on equity was 30.28% for PCAR. The company reported revenue of $8.74 billion for the quarter, compared to $8.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.2 percent.
