Bernstein raises PT for Paccar on prospects of higher unit deliveries

Apr 11, 2024 · ** Bernstein raises PT on truck maker Paccar NASDAQ:PCAR to $133 from $112 ** "Our Q1 EPS is 10% ahead of consensus, and we expect management to strike a bullish …

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Bernstein Raises PT For Paccar On Prospects Of Higher Unit Deliveries

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Apr 11, 2024 · ** Bernstein raises PT on truck maker Paccar NASDAQ:PCAR to $133 from $112 ** "Our Q1 EPS is 10% ahead of consensus, and we expect management to strike a bullish …

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$112.00
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Bernstein Sticks To Their Buy Rating For Paccar (PCAR)

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Mar 3, 2024 · Bernstein analyst Chad Dillard maintained a Buy rating on Paccar (PCAR – Research Report) yesterday and set a price target of $112.00. The company’s shares closed …

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$118.00
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Bernstein Issues A Buy Rating On Paccar (PCAR) - Markets Insider

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Oct 23, 2024 · Bernstein analyst Chad Dillard assigned a Buy rating to Paccar (PCAR – Research Report) yesterday and set a price target of $118.00.The company’s shares closed yesterday at …

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$118.00
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Bernstein Reaffirms Their Buy Rating On Paccar (PCAR)

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Oct 8, 2024 · In a report released yesterday, Chad Dillard from Bernstein maintained a Buy rating on Paccar (PCAR – Research Report), with a price target of $118.00.The company’s shares …

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$74
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Paccar Earnings: The New Truck Cycle Is Likely To Be Stretched …

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Jul 26, 2023 · Following the second-quarter earnings release, we elected to raise our fair value estimate to $74 from $73 previously, reflecting our more bullish stance on the near-term …

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$1.66
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PACCAR Achieves Excellent Quarterly Revenues And Profits

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Jul 23, 2024 · Global truck deliveries of 48,400 units. PACCAR Parts revenues of $1.66 billion. ... PACCAR Financial Services and DAF’s premium dealerships, are driving DAF Brasil to higher …

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$330
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Bernstein Adjusts PT For Caterpillar And Paccar Amid Cautious Q3 ...

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Oct 9, 2024 · ** Bernstein raises PT for Caterpillar CAT to $330 from $299 and for Paccar PCAR to $118 from $110 ** Says Q3 earnings is likely to be a tricky affair, with investors navigating …

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Bernstein Upgrades PACCAR To Outperform, Sees 16% Upside

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Dec 22, 2021 · With relative valuation at historically low levels ahead of schedule, Dillard believes estimates for 2022 and 2023 are too low, as PACCAR is set to earn $7.66 in 2022 and $8.97 …

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Despite Demand Normalization, Paccar Is Well Positioned For The …

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Jun 18, 2024 · Our fair value estimate for Paccar is $88 per share. The truck industry has been running at a high level the past few years, with sales increasing by an average of nearly 25% …

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Bernstein Upgrades Caterpillar, PACCAR To Outperform; …

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Dec 22, 2021 · Price Action: CAT shares are trading higher by 1.57% at $201.43, PCAR higher by 0.88% at $84.11, and AGCO lower by 1.62% at $112.29 on the last check Wednesday. …

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Paccar: A Buy To Ride The Freight Growth Tide - Seeking Alpha

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Jun 13, 2022 · However, while deliveries grew by 1.9%, the revenue increased in every region for a total of $6.5 billion vs. $5.8 billion in 2021 for a 10.7% increase. This is a sign of PACCAR's …

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FAQs about Bernstein raises PT for Paccar on prospects of higher unit deliveries Coupon?

Is PACCAR Inc (PCAR) stock headed to $98?

Bernstein analyst Chad Dillard upgraded PACCAR Inc (NASDAQ:PCAR) to Outperform from Market Perform and raised the price target to $98 (an upside of 16%) from $94. ...

Should you buy PACCAR (PCAR)?

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paccar with a $115.43 average price target. PCAR market cap is currently $53.98B and has a P/E ratio of 10.91. Based on the recent corporate insider activity of 111 insiders, corporate insider sentiment is negative on the stock. ...

Is PCAR's valuation too low?

With relative valuation at historically low levels ahead of schedule, Dillard believes estimates for 2022 and 2023 are too low, as PACCAR is set to earn $7.66 in 2022 and $8.97 in 2023 are 13% and 17% above the Street, respectively. Price Action: PCAR shares are trading higher by 1.36% at $84.51 on the last check Wednesday. ...

Why did PACCAR achieve strong quarterly sales & profits?

“PACCAR’s truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. ...

How did PACCAR perform in the third quarter?

PACCAR achieved net income of $972.1 million ($1.85 per diluted share) in the third quarter of this year compared to $1.23 billion ($2.34 per diluted share) earned in the same period last year. Third quarter revenues were $8.24 billion, compared to $8.70 billion reported in the third quarter of 2023. ...

How much did PACCAR invest in 2023?

PACCAR invested $698 million in capital projects and $411 million in research and development expenses in 2023. Capital expenditures are projected to be in the range of $700-$750 million and research and development expenses are estimated to be in the range of $460-$500 million in 2024. ...