PACCAR stock: buy or sell?

PCAR stock price: $72.04 1.78% At close on October 18th, 2019

Updated on:
October 18th, 2019

4

PACCAR ended on Oct 18th at $72.04 and jumped a good 1.78%.

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally.

Should I buy PACCAR stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with PACCAR stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PCAR will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is PACCAR stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 8 ratings published for PCAR stock in the last month.

The general sentiment of these ratings is bearish for PCAR stock, with 4 negative ratings.
Is PCAR a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-24Morgan Stanleyn/aUnderweight
2019-7-24JPMorgan Chase & Co.UnderweightNeutral
2019-7-24Credit Suisse Groupn/aNeutral
2019-7-2Loop CapitalHoldSell
2019-2-7Robert W. BairdNeutralOutperform
2019-2-5Piper Jaffray Companiesn/aOverweight
2019-1-7Vertical ResearchHoldSell
2019-1-10JPMorgan Chase & Co.NeutralUnderweight

PACCAR stock analysis

Daily outlook

PACCAR jumped a good 1.78% and closed at $72.04.

Shares of PACCAR ended on October 18th at $72.04 and jumped a good 1.78%. Since price and SMA200d lines crossed up on Oct 10th, PCAR climbed $5.15 (7.70%). PCAR broke out again over $68.67 after a 3.63% correction started on October/7.

PCAR stock chart (daily)

Weekly outlook

PACCAR soared a phenomenal 4.25% this week.

Observing the weekly chart, price is in a simple uptrend, tested $65.17 level and now climbing back aiming its last top at $72.43. Since early September when PCAR stock price broke up the SMA40w line, it gained $6.48 (9.88%). By mid March, SMA20w and SMA40w crossed up triggering a rise of 7.51%.

PCAR stock chart (weekly)

PACCAR stock price history

PACCAR IPO was on March 17th, 1980 at $0.00 per share1. Since then, PCAR stock grew a inf%, with an average of inf% per year. If you had invested right after PCAR's IPO a $1,000 in PACCAR stock in 1980, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

PACCAR stock historical price chart

PCAR stock reached 52-week highs on July at $72.50, and all-time highs 2018-01-29 with a price of 74.57.

PACCAR stock price target is $69.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' PCAR stock price predictions in the hope that they will be met as they may be wrong and not met. We found 4 price forecasts for PACCAR stock posted in the last 30 days:
PCAR stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-24Morgan StanleyRaises Target$63.00$64.001.6%
2019-7-24Credit Suisse GroupRaises Target$74.00$76.002.7%
2019-7-2Loop CapitalDowngrades$70.00$62.00-11.4%
2019-2-5Piper Jaffray CompaniesRaises Targetn/a$75.00-
(in average)$69.00$69.300.0%
Moving in a range from $76.00 and $62.00, the price forecast for PCAR stock is $69.30. In average, analysts' outlook on PCAR price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last April, when PACCAR presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
PCAR earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.06n/a
2017-Q32017-10-241.081.145.6%
2017-Q42018-01-301.121.185.4%
2018-Q12018-04-241.311.4510.7%
2018-Q22018-07-241.431.5911.2%
2018-Q32018-10-231.51.553.3%
2018-Q42019-01-291.571.655.1%
2019-Q12019-04-221.65n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a dazzling growth of 20.76% to $23,495.70 M dollars. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) stayed steady a 0.73% to 9.34%.

To have an up to date view of the financial situation of PACCAR, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual PACCAR TTM sales up to March 2019 were $24,329.30 and earnings were $2,312.00 M dollars. If we compare this TTM figures with the last reported annuality, we can review PACCAR business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, raised a nice 3.55%. By contrast, profit margin (net income/revenues) remained stable at 9.34%.

PCAR annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$17,120 M-$1,170 M6.8%-
2014$18,997 M10.96%$1,359 M7.2%16.14%
2015$19,115 M0.62%$1,604 M8.4%18.05%
2016$17,033 M-10.89%$522 M3.1%-67.48%
2017$19,456 M14.23%$1,675 M8.6%221.10%
2018$23,496 M20.76%$2,195 M9.3%31.04%
TTM $24,329 M3.55%$2,312 M9.5%5.33%

Quarterly financial results

PACCAR reported $6,487.60 M in revenues for 2019-Q1, a 3.31% improvement compared to previous quarter. Reported quarter earnings marked $629.00 million with a profit margin of 9.70%. Profit margin stayed steady a 0.49% compared to previous quarter when profit margin was 9.21%. When comparing sales to same quarter last year, PACCAR sales marked an astounding increase and boosted a 14.74%. Looking back to recent quarterly results, PACCAR posted 2 positive quarters in a row.
PCAR quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$4,690 M-$373 M8.0%-
2017-Q3$5,060 M7.89%$403 M8.0%7.96%
2017-Q4$5,455 M7.80%$589 M10.8%46.31%
2018-Q1$5,654 M3.66%$512 M9.1%-13.09%
2018-Q2$5,805 M2.67%$560 M9.6%9.28%
2018-Q3$5,757 M-0.83%$545 M9.5%-2.56%
2018-Q4$6,280 M9.08%$578 M9.2%6.02%
2019-Q1$6,488 M3.31%$629 M9.7%8.80%

PACCAR ownership

When you are planning to buy shares of a company, it's worth to have a look its ownership structure.

PACCAR shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.19% of all shares.

In case of PACCAR stock, 64.77% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for PCAR stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to PACCAR:

PCARFNAVOSKWNC
Market cap$25.0 B$36.4 B$2.9 B$5.3 B$787.5 M
Total shares346.4 M3,920.0 M99.2 M68.4 M54.5 M
Float shares339.9 M3,910.0 M49.2 M67.6 M53.1 M
  - Institutional holdings (%)64.8%7.6%79.5%93.0%98.8%
  - Insider holdings (%)2.2%23.8%17.1%1.1%2.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PACCAR summary

Friday, October 18th, 2019
Open$70.87
Close$72.04
Day range$70.30 - $72.42
Previous close$70.78
Session gain1.78%
Average true range$1.69
50d mov avg$67.61
100d mov avg$68.58
200d mov avg$67.55
Daily patternlb01c
Weekly pattern lb01a

PACCAR performance

To better understand PACCAR performance you must becnhmark its gains with other related stocks in same sector or industry. For PACCAR, the benchmark is made against Ford Motor, Navistar International, Oshkosh and Wabash National.
Stock3m6m12m
PCARPACCAR4.42%1.81%26.23%
FFord Motor-7.56%0.32%16.71%
NAVNavistar Internat...-5.60%-15.57%-16.13%
OSKOshkosh-5.42%-5.27%33.71%
WNCWabash National-4.17%-2.30%10.72%

PACCAR competitors

We chose a few stocks to conform a list of PACCAR competitors to review if you are interested in investing in PCAR:

Latest PACCAR stock news