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RBC Capital Reaffirms Their Hold Rating on Paccar (PCAR)
RBC Capital analyst Nicholas Housden maintained a Hold rating on Paccar on July 3 and set a price target of $130.00.
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According to TipRanks, Housden is a 5-star analyst with an average return of 12.7% and a 68.02% success rate.
In addition to RBC Capital, Paccar also received a Hold from Truist Financial’s Jamie Cook in a report issued on July 2. However, on June 29, Bernstein maintained a Buy rating on Paccar (NASDAQ: PCAR).
Based on Paccar’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $6.23 billion and a net profit of $605.3 million. In comparison, last year the company earned a revenue of $7.44 billion and had a net profit of $505.1 million
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