PACCAR Inc (NASDAQ: PCAR) has reported earnings for its first fiscal quarter (ending March 31) of $2.28 versus $1.40 for the same period a year ago — an increase of 63%. However, this performance was $-0.14 short of the consensus estimate of $2.42. E.P.S. were $9.66 for the latest four quarters through March 31 versus $6.01 for the same period a year ago — an increase of 61%.
Recent Price Action
On 4/30/24, PACCAR Inc (NASDAQ: PCAR) stock suffered a large decline of -6.6%, closing at $106.11. Moreover, trading volume in this decline was exceptionally high at 301% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
PCAR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PACCAR has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. PACCAR has a neutral Appreciation Score of 50 but a very high Power Rating of 89, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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