Cowen & Co. analyst Matt Elkott maintained a Hold rating on Paccar (NASDAQ:PCAR) Inc on Friday, setting a price target of $88, which is approximately 6.61% below the present share price of $94.23.
Elkott expects Paccar Inc to post earnings per share (EPS) of $1.35 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Paccar, with an average price target of $104.
The analysts price targets range from a high of $120 to a low of $88.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $5.85 billion and a net profit of $631.2 million. The company's market cap is $32.71 billion.
According to TipRanks.com, Cowen & Co. analyst Matt Elkott is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 17.1% and a 58.76% success rate.
Founded in 1905, Washington-based PACCAR, Inc. is a global technology company, which designs and manufactures light, medium, and heavy-duty commercial trucks. The company operates through three segments: Truck, Parts and Financial Services.