Forecasting The Future: 8 Analyst Projections For PACCAR
Portfolio Pulse from Benzinga Insights
PACCAR (NASDAQ:PCAR) has received mixed analyst ratings over the past quarter, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for PACCAR is now $112.25, marking a 15.33% increase from the previous target. Analysts from firms including Truist Securities, JP Morgan, Evercore ISI Group, UBS, Goldman Sachs, B of A Securities, and Morgan Stanley have updated their ratings and price targets, reflecting various adjustments based on market conditions and company performance. PACCAR, known for its medium- and heavy-duty trucks, has shown strong financial performance with notable revenue growth, net margin, ROE, ROA, and a healthy debt-to-equity ratio.
March 14, 2024 | 2:00 pm
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PACCAR has received a mix of analyst ratings, with a notable increase in the average 12-month price target to $112.25. The company's strong financial performance and market position are highlighted by analysts.
The increase in the average 12-month price target for PACCAR reflects a positive outlook from analysts, indicating a bullish sentiment towards the company's stock in the short term. The company's strong financial performance, including revenue growth, net margin, ROE, and ROA, alongside a healthy debt-to-equity ratio, supports this positive sentiment. The diverse range of analyst opinions, with recent adjustments to ratings and price targets, suggests a keen interest in PACCAR's market position and performance, making this news highly relevant and important for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100