In a report issued on February 11, Matt Elkott from Cowen & Co. maintained a Buy rating on Paccar (PCAR – Research Report), with a price target of $100.00. The company’s shares closed last Friday at $92.81.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 16.1% and a 60.4% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Caterpillar, Cummins, and GATX.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paccar with a $100.30 average price target.
Paccar’s market cap is currently $32.23B and has a P/E ratio of 17.46.
Based on the recent corporate insider activity of 68 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, Harrie Schippers, the PRESIDENT & CFO of PCAR sold 14,327 shares for a total of $1,369,804.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1905, Washington-based PACCAR, Inc. is a global technology company, which designs and manufactures light, medium, and heavy-duty commercial trucks. The company operates through three segments: Truck, Parts and Financial Services.
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