PACCAR (PCAR) Stock Forecast & Price Target

$116.80 +0.31 (+0.27%)

(As of 11/13/2024 ET)

PACCAR - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 13 Analyst Ratings

Sell
0

Hold
8

Buy
5

Based on 13 Wall Street analysts who have issued ratings for PACCAR in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 8 have given a hold rating, and 5 have given a buy rating for PCAR.

Consensus Price Target

$116.55
-0.22% Downside

According to the 13 analysts' twelve-month price targets for PACCAR, the average price target is $116.55. The highest price target for PCAR is $136.00, while the lowest price target for PCAR is $97.00. The average price target represents a forecasted downside of -0.22% from the current price of $116.80.

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PCAR Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$116.55	$114.00	$112.91	$82.32
Forecasted Upside	-0.22% Downside	5.34% Upside	18.84% Upside	-9.21% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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PCAR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PCAR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PACCAR Stock vs. The Competition

Type	PACCAR	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.38	2.46	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-0.22% Downside	243.16% Upside	8.04% Upside
News Sentiment Rating	Positive News See Recent PCAR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Evercore ISI 2 of 5 stars		Upgrade	In-Line ➝ Outperform	$99.00 ➝ $129.00	+10.45%
11/4/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$119.00 ➝ $119.00	+14.89%
10/23/2024	Truist Financial 2 of 5 stars		Boost Target	Hold ➝ Hold	$103.00 ➝ $107.00	+0.93%
10/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$125.00 ➝ $122.00	+16.42%
10/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$135.00 ➝ $126.00	+20.24%
10/16/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Borrega Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
Get the Latest News and Ratings for PCAR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PACCAR and its competitors with MarketBeat's FREE daily newsletter.
10/9/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Menges Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$100.00 ➝ $108.00	+4.08%
7/24/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$121.00 ➝ $109.00	+12.49%
6/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
4/16/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$106.00 ➝ $121.00	+2.59%
3/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$104.00 ➝ $136.00	+18.05%
1/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$91.00 ➝ $108.00	+6.92%
1/19/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$84.00 ➝ $97.00	+1.70%
7/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$84.00 ➝ $90.00	+6.14%
7/17/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/2/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/27/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $81.50	+11.49%
4/12/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
1/10/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Peer Perform ➝ Underperform
11/29/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:12 PM ET.

Should I Buy PACCAR Stock? PCAR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 8, 2024. Please send any questions or comments about these PACCAR pros and cons to contact@marketbeat.com.

PACCAR
Bull Case

Here are some ways that investors could benefit from investing in PACCAR Inc:

PACCAR Inc reported a strong quarterly revenue of $8.26 billion, showcasing its financial stability and potential for growth.
PACCAR Inc has a solid net margin of 14.07%, indicating efficient cost management and profitability.
The company announced a quarterly dividend of $0.30 per share, providing investors with a steady income stream.
CEO R Preston Feight's recent insider activity, selling shares at an average price of $98.70, could signal confidence in the company's future performance.
PACCAR Inc's stock price has shown a positive trend, trading up 2.4% recently, indicating market confidence in the company's prospects.

PACCAR
Bear Case

Investors should be bearish about investing in PACCAR Inc for these reasons:

Analysts have lowered price targets on PACCAR Inc, potentially indicating concerns about future growth or market conditions.
Despite a strong net margin, PACCAR Inc's return on equity of 29.87% may be considered relatively low by some investors, impacting overall shareholder returns.
The company's revenue for the quarter was down 2.1% compared to the same period last year, suggesting potential challenges in revenue generation.
Corporate insiders own 2.02% of the company's stock, which could raise questions about broader insider sentiment and future company performance.
While PACCAR Inc has a dividend yield of 1.12%, the payout ratio of 12.45% may limit future dividend growth or reinvestment in the business.

PCAR Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for PACCAR is $116.55, with a high forecast of $136.00 and a low forecast of $97.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PACCAR in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PCAR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PCAR, but not buy additional shares or sell existing shares.
: According to analysts, PACCAR's stock has a predicted downside of -0.22% based on their 12-month stock forecasts.
: Over the previous 90 days, PACCAR's stock had 2 upgrades by analysts.
: PACCAR has been rated by research analysts at BNP Paribas, Citigroup, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, and Truist Financial in the past 90 days.
: Analysts like PACCAR less than other "auto/tires/trucks" companies. The consensus rating score for PACCAR is 2.38 while the average consensus rating score for "auto/tires/trucks" companies is 2.46. Learn more on how PCAR compares to other companies.

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This page (NASDAQ:PCAR) was last updated on 11/13/2024 by MarketBeat.com Staff

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PACCAR (PCAR) Stock Forecast & Price Target