PACCAR Inc. Reaches Analyst Target Price PACCAR Steers into Analysts’ Bullseye

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In the latest trading session, the stock of PACCAR Inc. (Symbol: PCAR) surged above the average analyst 12-month target price of $108.50, fetching $108.67 per share. This milestone often triggers a reaction from analysts β€” either revising their target price upwards in response to favorable business developments or downgrading due to valuation concerns.

While the Zacks coverage universe offers 10 different analyst targets for PACCAR Inc., the $108.50 average target represents a blend of diverse perspectives. Some analysts set lower targets, with one advocating for a price of $92.00, while one outlier projects a high of $125.00, signifying a standard deviation of $10.178.

Nevertheless, the essence of gauging the average PCAR target price is to amalgamate the wisdom of crowds, congregating various expert opinions into a singular metric. PACCAR’s inclination above this average target price serves as a signal to investors, imploring them to reassess the company’s potential and ponder on the prospect of a further upward trajectory or a potentially overstretch valuation. Here’s the breakdown of the analysts’ sentiments towards PACCAR Inc:

Recent PCAR Analyst Ratings Breakdown
Β» Current 1 Month Ago 2 Months Ago 3 Months Ago
Strong buy ratings: 4 4 4 4
Buy ratings: 1 1 0 0
Hold ratings: 9 9 7 7
Sell ratings: 0 0 1 1
Strong sell ratings: 0 0 0 0
Average rating: 2.32 2.32 2.42 2.42

The average rating presented in the above table ranges from 1 to 5, with 1 being Strong Buy and 5 indicating Strong Sell. This data is sourced from Zacks Investment Research via Quandl.com. Gain access to the latest Zacks research report on PCAR β€” free of charge.

nslideshowDelve into The Top 25 Broker Analyst Picks of the S&P 500 Β»

Further Reading:

Β• Explore Stock MACD
Β• Checkout CWST YTD Return
Β• Peruse WMB Technical Analysis

The viewpoints and opinions expressed herein are those of the author and do not necessarily mirror those of Nasdaq, Inc.

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