Shares of PACCAR Inc (NASDAQ:PCAR) recorded 0.73% gain during trading session on March 13th, 2019. The script traded as low as $68.205 and last traded at $68.74. 2.97 million shares changed exchanged hands during trading, a drop of -36.32% from the 30-day average session volume of 2.18M shares. The firm had previously closed at $68.24. The company has $345.74M outstanding shares, a price-to-earnings ratio of 11.01, price-to-earnings-growth ratio of 1.01and a beta of 1.24. The company has a RSI of 65.11, ATR of 1.04 and a volatility of 1.43% this week. PCAR has a 52 week low price of $52.10 and a 52 week high price of $70.39.
Investors have identified the tech company PACCAR Inc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 23.77B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
PACCAR Inc (PCAR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PCAR, the company has in raw cash 3.44 billion on their books with 7.79 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 18.16 billion total, with 1.1 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
PCAR were able to record 1.04 billion as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 1.07 billion. In cash movements, the company had a total of 2.99 billion as operating cash flow.
Potential earnings growth for PACCAR Inc (PCAR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, PACCAR Inc recorded a total of 6.28 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.13% coming in sequential stages and their sales for the third quarter increasing by 0.08%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 5.09 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.19 billion. This allows shareholders to hold on to 345.74M with the revenue now reading 1660 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.70 cents a share).
Is the stock of PCAR attractive?
Having a look at the company’s valuation, the company is expected to record 5.82 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PCAR sounds very interesting.
In related news, SENIOR VICE PRESIDENT SIVER DARRIN C sold 8,088 shares of the company’s stock in a transaction that recorded on February 20th, 2019. The sale was performed at an average price of 68.81, for a total value of 556,495. As the sale deal closes, the VICE PRESIDENT SIVER DARRIN C now sold 418 shares of the company’s stock, valued at 28,633. Also, PRESIDENT & CFO SCHIPPERS HARRIE sold 9,414 shares of the company’s stock in a deal that was recorded on February 15th, 2019. The shares were sold at an average price of 68.21 per share, with a total market value of 28,698. Following this completion of acquisition, the Vice President now holds 7,528 shares of the company’s stock, valued at 506,485. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.40%.
2 out of 24 analysts covering the stock have rated it a Buy, while 15 have maintained a Hold recommendation on PACCAR Inc stock. 1 analysts has assigned a Sell rating on the PCAR stock. The 12-month mean consensus price target for the company’s shares has been set at $68.45.