PACCAR stock: buy or sell?
August 19th, 2019
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?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with PACCAR stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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 collected 8 ratings published for PCAR stock in the last 30 days. The general sentiment of these ratings is bearish for PCAR stock, with 4 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-24||JPMorgan Chase & Co.||Underweight||Neutral|
|2019-7-24||Credit Suisse Group||n/a||Neutral|
|2019-2-7||Robert W. Baird||Neutral||Outperform|
|2019-2-5||Piper Jaffray Companies||n/a||Overweight|
|2019-1-10||JPMorgan Chase & Co.||Neutral||Underweight|
PACCAR stock analysis
PACCAR appreciated a slightly good 0.62% and closed at $64.88.
PACCAR appreciated a slightly good 0.62% and closed at $64.88. Since price and SMA200d lines crossed down on Wednesday, PCAR fell $-1.46 per share (-2.20%). PCAR marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $67.45 would break this short term down trend and open possibilities for reversing this situation.
Shares of PACCAR grew a slightly good 0.62% this week. Late July PCAR plummed a scary -6.62% in just one week.
Since price and 40-weeks moving average lines crossed down early August, PCAR fell $-2.01 per share (-3.00%). Stocks below the 200 days moving average line are usually not recommended for average traders. Since mid March when SMA20w and SMA40w crossed up, PCAR price slipped $-2.13 per share (-3.18%).
PACCAR stock price history
PACCAR stock went public on March 17th, 1980 with a price of $0.421. Since then, PCAR stock grew a 15,347.60%, with a yearly average of 393.50%. If you had invested right after PCAR's IPO a $1,000 in PACCAR stock in 1980, it would worth $153,476.00 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 $69.30Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we found 4 price predictions for PACCAR stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-24||Morgan Stanley||Raises Target||$63.00||$64.00||1.6%|
|2019-7-24||Credit Suisse Group||Raises Target||$74.00||$76.00||2.7%|
|2019-2-5||Piper Jaffray Companies||Raises Target||n/a||$75.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, PACCAR slipped a fatal -8.31%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an amazing growth of 20.76% to $23,495.70 million USD. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) remained stable a 0.73% to 9.34%. PACCAR fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, PACCAR TTM sales up to March 2019 were $24,329.30 and income $2,312.00 M USD. 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, gained a fine 3.55%. Regarding profit margin, PACCAR remained constant 0.16% to 9.34%
|2013||$17,120 M||-||$1,170 M6.8%||-|
|2014||$18,997 M||10.96%||$1,359 M7.2%||16.14%|
|2015||$19,115 M||0.62%||$1,604 M8.4%||18.05%|
|2016||$17,033 M||-10.89%||$522 M3.1%||-67.48%|
|2017||$19,456 M||14.23%||$1,675 M8.6%||221.10%|
|2018||$23,496 M||20.76%||$2,195 M9.3%||31.04%|
|TTM||$24,329 M||3.55%||$2,312 M9.5%||5.33%|
Quarterly financial resultsPACCAR posted $6,487.60 million in sales for 2019-Q1, a 3.31% up compared to previous quarter. Reported quarter income marked $629.00 M with a profit margin of 9.70%. Profit margin remained 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 a super good gain and rocketed a 14.74%. Looking back to recent quarterly results, PACCAR posted 2 negative quarters in a row.
|2017-Q2||$4,690 M||-||$373 M8.0%||-|
|2017-Q3||$5,060 M||7.89%||$403 M8.0%||7.96%|
|2017-Q4||$5,455 M||7.80%||$589 M10.8%||46.31%|
|2018-Q1||$5,654 M||3.66%||$512 M9.1%||-13.09%|
|2018-Q2||$5,805 M||2.67%||$560 M9.6%||9.28%|
|2018-Q3||$5,757 M||-0.83%||$545 M9.5%||-2.56%|
|2018-Q4||$6,280 M||9.08%||$578 M9.2%||6.02%|
|2019-Q1||$6,488 M||3.31%||$629 M9.7%||8.80%|
PACCAR ownershipWhen you are planning to invest in shares of a stock, it's worth to overview 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.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$22.5 B||$35.1 B||$2.4 B||$0.0 M||$778.8 M|
|Total shares||346.4 M||3,920.0 M||99.2 M||0.0 M||55.4 M|
|Float shares||340.0 M||3,910.0 M||49.1 M||67.6 M||53.1 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$64.64 - $65.97|
|Average true range||$1.94|
|50d mov avg||$69.09|
|100d mov avg||$68.93|
|200d mov avg||$64.99|
PACCAR performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We selected Ford Motor, Navistar International, Oshkosh and Wabash National as the bechmarking frame for PACCAR stock.
PACCAR competitorsWe selected a few stocks to conform a list of PACCAR competitors to review if you are interested in investing in PCAR:
Latest PACCAR stock news
- Seeking AlphaPaccar Inc.: Getting Ready To PopJuly 10, 2018
- Seeking AlphaPACCAR: Fundamentally Strong, Technicals Not Yet PositiveJune 26, 2018