Paccar (NASDAQ:PCAR) announced a special dividend on Wednesday, December 11th, AnalystRatingsNetwork.com reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.90 per share on Tuesday, January 7th. This represents a dividend yield of 1.43%. The ex-dividend date is Wednesday, December 18th.
Several analysts have recently commented on the stock. Analysts at McAdams Wright Ragen upgraded shares of Paccar from a “sell” rating to a “hold” rating in a research note to investors on Thursday, October 31st. They now have a $60.00 price target on the stock. On the ratings front, analysts at Robert W. Baird raised their price target on shares of Paccar from $56.00 to $57.00 in a research note to investors on Wednesday, October 30th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Paccar from $54.00 to $58.00 in a research note to investors on Wednesday, October 30th. They now have an “equal weight” rating on the stock. Eighteen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Paccar currently has an average rating of “Hold” and a consensus target price of $57.64.
Shares of Paccar (NASDAQ:PCAR) opened at 56.10 on Thursday. Paccar has a 52 week low of $43.67 and a 52 week high of $60.00. The stock has a 50-day moving average of $56.72 and a 200-day moving average of $55.63. The company has a market cap of $19.865 billion and a P/E ratio of 18.60.
Paccar (NASDAQ:PCAR) last announced its earnings results on Tuesday, October 29th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter last year, the company posted $0.66 earnings per share. Paccar’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Paccar will post $3.28 EPS for the current fiscal year.
PACCAR Inc (NASDAQ:PCAR) is engaged in the design, manufacture and customer support of light, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.