Beyond The Numbers: 10 Analysts Discuss PACCAR Stock
Portfolio Pulse from Benzinga Insights
In the last three months, 10 analysts have provided diverse ratings for PACCAR (NASDAQ:PCAR), ranging from bullish to bearish. The average 12-month price target for PCAR has increased by 13.92% to $117.2, with a high estimate of $140.00 and a low estimate of $97.00. Recent analyst actions include various ratings adjustments and price target changes, reflecting a positive shift in sentiment towards PACCAR. The company, known for manufacturing medium- and heavy-duty trucks, has shown strong financial health with a revenue growth rate of 11.65%, a net margin of 15.61%, and an ROE of 8.89%.
April 15, 2024 | 12:00 pm
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POSITIVE IMPACT
PACCAR has received diverse analyst ratings, with a notable increase in the average 12-month price target to $117.2. The company's strong financial performance, including a revenue growth rate of 11.65% and a net margin of 15.61%, supports a positive outlook.
The increase in the average price target and positive financial indicators such as revenue growth and net margin suggest analysts are optimistic about PACCAR's future performance. This optimism, reflected in the recent analyst actions and financial health of the company, is likely to have a positive short-term impact on PCAR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100