A Combo of Indicators for PACCAR Inc (PCAR)

On the technicals front, PACCAR Inc (NASDAQ:PCAR) overall has 80% Buy rating. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the PCAR’s short-term trajectory should know that short terms indicators for the stock averaged 80% Buy with an average daily trading volume over the past 20 days at 2010270 shares. PCAR stock has overall a 0.75% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 2187538 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 2310938 shares, is 67% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $68.12. Below this, the next support is placed in the zone of $67.79. Till the time, the PCAR stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 62.08 on daily chart, which may remain a cause for concern. If the price breaks below $67.79 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $68.75 mark may result into a pull-back move towards $69.06 level.

PACCAR Inc (PCAR) is projected to climb by 0 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $85-month high price target. This represents a whopping 24.18 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $66, which represents a return potential of -3.58 percent when compared to the closing price of the stock of $68.45 on Thursday, March 14. The lowest price target for the stock is $54 — slightly more than -21.11 percent from PCAR’s current share price.

Here’s a rundown of insider trading activity for sense of PACCAR Inc (NASDAQ:PCAR).

PCAR shares dropped -0.29 points or -0.42 percent on Thursday to $68.45 with a heavy trade volume of 2.387 million shares. After opening the session at $68.53, the shares went as high as $68.73 and as low as $68.095, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $23.7 billion and now has 345.74 million shares outstanding. PACCAR Inc (PCAR) stock has gained 2.53 percent of market value in 21 trading days.

Analysts at Robert W. Baird upped their rating on shares of PACCAR Inc (NASDAQ:PCAR) from Neutral to Outperform in their opinion released on February 07. JP Morgan analysts have downgraded their rating of PCAR stock from Neutral to Underweight in a separate flash note to investors on January 10. Analysts at Piper Jaffray issued an upgrade from Neutral to Overweight for the stock, in a research note that dated back to October 24.

PCAR stock has a trailing 3-year beta of 1.24, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $6.24 a share in the trailing twelve months. The stock’s value has surged 19.79 percent year to date (YTD) against a rise of 5.19 percent in 12 month’s time. The company’s shares still trade -2.76 percent away from its 1-year high of $70.39 and 31.38 percent up from 52-week low of $52.10. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of PACCAR Inc (PCAR) are trading at a P/E ratio of 11.01 times earnings reported for the past 12 months. The industry PCAR operates in has an average P/E of 12.69. Its P/E ratio went as low as 9.16X and as high as 40.92 over the 5-year span. Further, it is sporting a 1.01 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.95. 18.6 percent is the gross profit margin for PACCAR Inc and operating margin sits at 11.4 percent. Along with this, the net profit margin is 9.3 percent.