RBC Capital Sticks to Its Hold Rating for Paccar (PCAR)
RBC Capital analyst Nicholas Housden maintained a Hold rating on Paccar yesterday and set a price target of $125.00.
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Housden covers the Industrials sector, focusing on stocks such as Paccar, Daimler Truck Holding AG, and Volvo AB. According to TipRanks, Housden has an average return of 15.9% and a 70.19% success rate on recommended stocks.
In addition to RBC Capital, Paccar also received a Hold from Morgan Stanley’s Angel Castillo in a report issued on February 3. However, on February 4, Bank of America Securities maintained a Buy rating on Paccar (NASDAQ: PCAR).
Based on Paccar’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.82 billion and a net profit of $556.9 million. In comparison, last year the company earned a revenue of $7.91 billion and had a net profit of $872 million
Based on the recent corporate insider activity of 114 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PCAR in relation to earlier this year. Earlier this month, Brice J Poplawski, the SVP & CFO of PCAR sold 2,200.00 shares for a total of $286,902.00.
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