Paccar Inc Receives a Hold from Robert W. Baird

By Jason Carr

In a report released today, David Leiker from Robert W. Baird reiterated a Hold rating on Paccar Inc (NASDAQ: PCAR), with a price target of $80. The company’s shares closed yesterday at $69.52.

According to TipRanks.com, Leiker is a 5-star analyst with an average return of 14.6% and a 66.7% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Visteon Corp.

Currently, the analyst consensus on Paccar Inc is Hold and the average price target is $76.30, representing a 9.8% upside.

In a report issued on April 10, J.P. Morgan also maintained a Hold rating on the stock with a $72 price target.

The company has a one-year high of $79.69 and a one-year low of $60.90. Currently, Paccar Inc has an average volume of 2.77M.

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCAR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PACCAR, Inc. is a global technology company which engages in the design, manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts, Financial Services and Other.