Cowen & Co. analyst Matt Elkott maintained a Sell rating on Paccar (PCAR) on February 13 and set a price target of $66.00. The company’s shares closed last Monday at $74.74.
According to TipRanks.com, Elkott is a 4-star analyst with an average return of 7.8% and a 56.5% success rate. Elkott covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Trinity Industries, and Greenbrier.
The word on The Street in general, suggests a Hold analyst consensus rating for Paccar with a $75.71 average price target.
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Paccar’s market cap is currently $25.88B and has a P/E ratio of 10.88. The company has a Price to Book ratio of 2.67.
Based on the recent corporate insider activity of 141 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, Marco Davila, the VP of PCAR sold 6,200 shares for a total of $482,608.
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.
PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services, and Other.
