Citigroup (NYSE:C) analyst Timothy Thein maintained a Buy rating on Paccar (NASDAQ:PCAR) Inc on Thursday, setting a price target of $84, which is approximately 12.74% above the present share price of $74.51.
Thein expects Paccar Inc to post earnings per share (EPS) of $1.04 for the second quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Paccar, with an average price target of $73.92.
The analysts price targets range from a high of $81 to a low of $59.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $5.16 billion and a net profit of $434.3 million. The company's market cap is $25.69 billion.
According to TipRanks.com, Citigroup analyst Timothy Thein is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 58.75% success rate.
PACCAR, Inc. is a global technology company, which engages in the design and manufacture of light, medium, and heavy-duty trucks. It operates through the following segments: Truck, Parts and Financial Services. The Truck segment designs and manufactures heavy, medium, and light duty diesel trucks which are marketed under the Kenworth, Peterbilt, and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides finance and leasing products; and services provided to truck customers and dealers. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.