In a report released yesterday, Tami Zakaria from J.P. Morgan maintained a Buy rating on Paccar (PCAR – Research Report), with a price target of $130.00. The company’s shares closed yesterday at $106.34.
According to TipRanks, Zakaria is a 5-star analyst with an average return of 22.1% and a 68.75% success rate. Zakaria covers the Industrials sector, focusing on stocks such as Paccar, Caterpillar, and Deere.
In addition to J.P. Morgan, Paccar also received a Buy from Jefferies’s Stephen Volkmann in a report issued on April 18. However, yesterday, Truist Financial maintained a Hold rating on Paccar (NASDAQ: PCAR).
PCAR market cap is currently $55.6B and has a P/E ratio of 12.11.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCAR in relation to earlier this year. Most recently, in February 2024, TODD R HUBBARD, the VP of PCAR sold 2,000.00 shares for a total of $212,300.00.
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Paccar (PCAR) Company Description:
Founded in 1905, Washington-based PACCAR, Inc. is a global technology company, which designs and manufactures light, medium, and heavy-duty commercial trucks. The company operates through three segments: Truck, Parts and Financial Services.
