JPMorgan Chase Cuts Paccar (PCAR) Price Target to $72.00

Marco Green
April 17, 2018

J. Goldman & Co LP acquired a new position in Paccar during the 4th quarter valued at approximately $5,527,000.

Technical Analysis: The Company has the market capitalization of $1.32B. About 4.43M shares traded or 7.80% up from the average. Fortinet, Inc. (NASDAQ:FTNT) has risen 46.75% since April 12, 2017 and is uptrending. It has underperformed by 4.07% the S&P500. (NASDAQ:PCAR) have been assigned a consensus rating of "Hold" from the nineteen analysts that are now covering the firm. Therefore 40% are positive. After $-0.21 actual EPS reported by FireEye, Inc. for the previous quarter, Wall Street now forecasts 28.57% negative EPS growth.

This formula was popularized by Peter Lynch and according to his calculations, a stock which is fairly valued will have a price to earnings ratio equal to its rate of growth. On Wednesday, October 25 UBS maintained the shares of PCAR in report with "Buy" rating.

PACCAR Inc (NASDAQ:PCAR) posting a -0.45% after which it closed the day' session at $67.87 and sees an average of 2.81M shares trade hands in each session while it's while its relative trading volume is 0.56.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.72, according to consensus of 25 analysts. The firm earned "Neutral" rating on Friday, December 9 by JP Morgan. On Wednesday, October 25 the stock rating was maintained by Wells Fargo with "Market Perform". The rating was initiated by Deutsche Bank on Wednesday, September 7 with "Hold". The rating was downgraded by Macquarie Research to "Neutral" on Monday, April 11. The firm now has a hold rating on the stock. The firm has "Outperform" rating given on Friday, September 30 by CLSA.

Earnings report for PACCAR Inc (NASDAQ:PCAR) is awaited On April, 24., RTT reports.

The stock increased 2.27% or $0.53 during the last trading session, reaching $23.89. The shares were sold at an average price of $68.28, for a total value of $1,552,823.76. It has underperformed by 12.16% the S&P500.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3.

According to PACCAR Inc's Insider ownership is at 1.40%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. The company reported $0.82 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.86 by $0.04. (NYSE:THR). Us Natl Bank De holds 0% or 534 shares in its portfolio. South Texas Money Mgmt holds 21,764 shares or 0.06% of its portfolio. The funds in our database reported: 214.70 million shares, up from 213.97 million shares in 2017Q3. Perkins Coie owns 2,282 shs or 0.08% of their USA capital. The current EPS for the company has recorded at $4.26. Thompson Rubinstein Investment Management Inc Or owns 282,971 shares or 6.62% of their USA portfolio.

Trading volume, or volume, is the number of shares or contracts that point towards the full activity of a security or stock market for a given period. (NASDAQ:FEYE). 10,300 are owned by State Of Alaska Department Of Revenue. Mcdaniel Terry & Company holds 3.2% of its portfolio in PACCAR Inc (NASDAQ:PCAR) for 254,475 shares. PACCAR Inc (NASDAQ:PCAR) has declined 0.61% since April 13, 2017 and is downtrending. Narwhal Management accumulated 37,674 shares.

The stock has a beta of 1.23 compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. It operates in three divisions: Truck, Parts, and Financial Services.The P/E ratio is 14.29. The price/earnings ratio (P/E) is 15.95 and the forward P/E ratio stands at 12.15. The Truck segment offers trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

Since October 30, 2017, it had 2 insider buys, and 2 selling transactions for $1.88 million activity.

In other news, VP Marco A. Davila bought 570 shares of the firm's stock in a transaction that occurred on Friday, February 16th. LeVier Jack K. had sold 23,028 shares worth $1.63M on Monday, October 30. 4,024 shs were sold by LEY ALMA LILY, worth $285,704 on Tuesday, October 31. Shares for $1,482 were bought by GRANDSTAFF DOUGLAS S on Wednesday, February 7. Its down 1.30, from 2.67 in 2017Q3. It improved, as 78 investors sold CTL shares while 110 reduced holdings. 20 funds opened positions while 32 raised stakes. The company has its outstanding shares of 100.11 Million. Ibm Retirement Fund reported 34,860 shares. Wellington Grp Llp holds 3.87M shares or 0.02% of its portfolio. Hanson & Doremus Investment reported 43,616 shares. Moreover, Rhumbline Advisers has 0.09% invested in PACCAR Inc (NASDAQ:PCAR) for 636,245 shs.

Pandora Media, Inc. a U.S. based Company, belongs to Services sector and Broadcasting - Radio industry. First Interstate Bancorporation invested in 0.03% or 2,000 shares. Blackrock Inc holds 29.38 million shares or 0.1% of its portfolio. (NYSE:THR). Morgan Stanley has 0% invested in Thermon Group Holdings, Inc. (NYSE:CTL). 171,739 are owned by Pub Sector Pension Investment Board.

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