Paccar Inc. (PCAR) has seen considerable fluctuations in its share performance. It regularly outperformed and underperformed the market throughout the period. The company's stock was bought and sold by multiple entities, such as Swiss National Bank, Lord Abbett & CO. LLC, and Susquehanna Portfolio Strategies LLC. Q2 earnings and revenue estimates were missed, and pre-tax profit from trucks lagged. Despite this, Paccar managed to achieve noteworthy revenues and profits. Several analysts adjusted their price targets; Deutsche Bank Aktiengesellschaft and Truist Financial reduced theirs to $109 and $107, respectively, while JPMorgan Chase & Co. set it at $115. Q1 2024 earnings surpassed expectations, while Q2 2024 earnings aligned with them. Many agencies downgraded and upgraded PCAR's rating. The manufacturing stock is currently bullish according to insiders, and PCAR is viewed as a top momentum pick and a potential value stock.
Paccar PCAR News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Sun, 28 Jul 2024 13:18:02 GMT -
Rating -3
- Innovation 0
- Information 4
- Rumor -5
