For its second fiscal quarter (ending June 30), PACCAR Inc (NASDAQ: PCAR) has reported a -8% decline in E.P.S. from $2.33 a year ago to $2.14 in the current quarter. Relative to the consensus estimate of $2.13, this was a premium of $0.01. For the latest four quarters through June 30, E.P.S. were $9.46 compared to $6.96 a year ago — an increase of 36%.
Recent Price Action
PACCAR Inc (NASDAQ: PCAR) stock closed at $97.10 on 7/23/24 after a major decline of -11.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 271% of normal. The stock has declined -7.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PCAR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
PACCAR has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PACCAR has a neutral Appreciation Score of 52 and a slightly positive Power Rating of 68, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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