Paccar (PCAR) Receives a Sell from Morgan Stanley


In a report released yesterday, Courtney Yakavonis from Morgan Stanley maintained a Sell rating on Paccar (PCAR), with a price target of $55.00. The company’s shares closed last Monday at $57.00.

According to TipRanks.com, Yakavonis is a 1-star analyst with an average return of -12.0% and a 21.6% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Allison Transmission Holdings, and Timken Company.

Currently, the analyst consensus on Paccar is a Hold with an average price target of $70.43.

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Based on Paccar’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.12 billion and net profit of $531 million. In comparison, last year the company earned revenue of $6.28 billion and had a net profit of $578 million.

Based on the recent corporate insider activity of 137 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. Last 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 and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.

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