PACCAR shares are trading lower after the company reported worse-than-expected Q2 financial results.
$PCAR
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Consumer Discretionary
PACCAR shares are trading lower after the company reported worse-than-expected Q2 financial results.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $99.00 → $129.00 | In-line → Outperform | Evercore ISI |
| 6/28/2024 | Mkt Perform | Raymond James | |
| 6/26/2024 | $115.00 | Neutral | Citigroup |
| 3/26/2024 | $123.00 | Sector Perform | RBC Capital Mkts |
| 3/15/2024 | Neutral → Buy | UBS | |
| 3/14/2024 | $117.00 | Hold | Truist |
| 1/24/2024 | $91.00 → $108.00 | Market Perform | TD Cowen |
| 1/19/2024 | $84.00 → $97.00 | Underperform → Neutral | BofA Securities |
"PACCAR achieved excellent revenues and net income in the third quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance. PACCAR Financial Services achieved good results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022154137/en/DAF Trucks at the IAA Truck Show (Photo: Business Wire) PACCAR achieved net income of $972.1
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on December 4, 2024, to stockholders of record at the close of business on November 13, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source vers
"PACCAR achieved excellent revenues and net income in the second quarter of 2024," said Preston Feight, chief executive officer. "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. I am very proud of our employees for delivering industry-leading trucks and transportation solutions to our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723272261/en/Peterbilt 579, Kenworth T680 and DAF XG+ Trucks
Evercore ISI upgraded PACCAR from In-line to Outperform and set a new price target of $129.00 from $99.00 previously
Raymond James initiated coverage of PACCAR with a rating of Mkt Perform
Citigroup initiated coverage of PACCAR with a rating of Neutral and set a new price target of $115.00
4 - PACCAR INC (0000075362) (Issuer)
4 - PACCAR INC (0000075362) (Issuer)
4 - PACCAR INC (0000075362) (Issuer)
Deutsche Bank analyst Nicole Deblase maintains PACCAR (NASDAQ:PCAR) with a Buy and lowers the price target from $121 to $109.
JP Morgan analyst Tami Zakaria maintains PACCAR (NASDAQ:PCAR) with a Overweight and lowers the price target from $135 to $115.
8-K - PACCAR INC (0000075362) (Filer)
10-Q - PACCAR INC (0000075362) (Filer)
8-K - PACCAR INC (0000075362) (Filer)
MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial se
"PACCAR achieved excellent revenues and net income in the third quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance. PACCAR Financial Services achieved good results due to its high quality portfolio. I am very proud of our employees for producing the highest quality trucks and transportation solutions for our customers." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022154137/en/DAF Trucks at the IAA Truck Show (Photo: Business Wire) PACCAR achieved net income of $972.1
PACCAR Inc's Board of Directors today declared a regular quarterly cash dividend of thirty cents ($.30) per share, payable on December 4, 2024, to stockholders of record at the close of business on November 13, 2024. PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are traded on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com. View source vers
SC 13G/A - PACCAR INC (0000075362) (Subject)
SC 13G/A - PACCAR INC (0000075362) (Subject)
SC 13G/A - PACCAR INC (0000075362) (Subject)
MOLINE, Ill., Nov. 1, 2024 /PRNewswire/ -- Deere & Company (NYSE:DE) today announced the appointment of R. Preston Feight to the company's board of directors. He currently serves as chief executive officer of PACCAR Inc (NASDAQ:PCAR), a Fortune 500 company and a global technology leader in the design, manufacture, and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. Feight's leadership at PACCAR has been characterized by pioneering advancements in engineering, manufacturing, aftermarket, and financial se
Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR (NASDAQ:PCAR) have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027. The planned joint venture between Accelera, Daimler