Citi Remains a Hold on Paccar (PCAR)
Citi analyst Kyle Menges maintained a Hold rating on Paccar yesterday and set a price target of $125.00. The company’s shares closed yesterday at $124.26.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Menges is a 5-star analyst with an average return of 32.5% and an 81.75% success rate. Menges covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, Cummins, and Herc Holdings.
In addition to Citi, Paccar also received a Hold from Truist Financial’s Jamie Cook in a report issued on July 6. However, yesterday, J.P. Morgan assigned a Buy rating to 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
