PACCAR stock: buy or sell?
October 18th, 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?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.
|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 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.
|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 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.
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%.
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 $69.30Predicting 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:
|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 ShareSince last April, when PACCAR presented its last earnings report, it . 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 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%.
|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 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.
|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 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:
|Market cap||$25.0 B||$36.4 B||$2.9 B||$5.3 B||$787.5 M|
|Total shares||346.4 M||3,920.0 M||99.2 M||68.4 M||54.5 M|
|Float shares||339.9 M||3,910.0 M||49.2 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%|
|Friday, October 18th, 2019|
|Day range||$70.30 - $72.42|
|Average true range||$1.69|
|50d mov avg||$67.61|
|100d mov avg||$68.58|
|200d mov avg||$67.55|
PACCAR performanceTo 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.
PACCAR competitorsWe 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
- Seeking AlphaPaccar Inc.: Getting Ready To PopJuly 10, 2018
- Seeking AlphaPACCAR: Fundamentally Strong, Technicals Not Yet PositiveJune 26, 2018