PACCAR (PCAR) has a market cap of $23.4 billion. It rose 1.8% to close at $67.52 per share on January 13, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.5%, 1.4%, and 5.7%, respectively, on the same day.
PCAR is trading 3.2% above its 20-day moving average, 8.2% above its 50-day moving average, and 18.2% above its 200-day moving average.
Related ETF and peers
The First Trust Nasdaq-100 Ex-Technology Sector Index ETF (QQXT) invests 1.6% of its holdings in PACCAR. The YTD price movement of QQXT was 4.5% on January 13.
The market caps of PACCAR’s competitors are as follows:
- Cummins (CMI) — $23.5 billion
- CNH Industrial (CNHI) — $12.3 billion
- Penske Automotive Group (PAG) — $4.5 billion
On January 13, 2017, BMO Capital Markets upgraded PACCAR’s rating to an “outperform” from a “market perform” and set the stock’s price target at $85.0 per share.
RBC Capital Markets upgraded PACCAR’s rating to an “outperform” from a “sector perform.” It also increased the stock’s price target to $75.0 from $54.0 per share.
Performance of PACCAR in 3Q16
PACCAR reported 3Q16 Truck, Parts, and Other net sales and revenue of $4.0 billion, a fall of 13.0% compared to $4.5 billion in 3Q15.
Revenue in its Financial Services segment was $296.2 million in 3Q16, a fall of 1.6% compared to 3Q15. Its net income and EPS (earnings per share) fell to $346.2 million and $0.98, respectively, in 3Q16, compared to $431.2 million and $1.21, respectively, in 3Q15.
PACCAR’s cash and marketable debt securities fell 17.1%, and its inventories rose 3.5% between 4Q15 and 3Q16.
PACCAR has declared a regular quarterly cash dividend of $0.24 per share on its common stock. The dividend will be paid on March 7, 2017, to shareholders of record at the close of business on February 14, 2017.
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