PACCAR Inc (PCAR): What’s the Story?

PACCAR Inc (PCAR) is an interesting player in the Consumer Goods space, with a focus on Trucks & Other Vehicles. The stock has been active on the tape, currently trading at $70.17, down from yesterday’s close by -0.14%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. PACCAR Inc (PCAR) currently trades with a market capitalization of $24.21 Billion. That value represents a market adjusting for revenues that have been growing by 19.08 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PCAR, the company currently has $2.31 Billion of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $768.5 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.11 on a per share basis this quarter. Perhaps, that suggests something about why 67.67% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how PCAR has been acting. Looking at the stock’s movement on the chart, PACCAR Inc recorded a 52-week high of $75.68. It is now trading 5.51% off that level. The stock is trading $71.08 its 50-day moving average by 0.91%. The stock carved out a 52-week low down at $61.93.

In recent action, PACCAR Inc (PCAR) has made a move of -0.62% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.31, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.26% with $344.23 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PCAR.

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