Cowen & Co. analyst Matt Elkott maintained a Hold rating on Paccar (NASDAQ:PCAR) Inc on Tuesday, setting a price target of $89, which is approximately 9.24% above the present share price of $81.47.
Elkott expects Paccar Inc to post earnings per share (EPS) of $1.42 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Paccar, with an average price target of $97.5.
The analysts price targets range from a high of $112 to a low of $89.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $5.84 billion and a net profit of $614.8 million. The company's market cap is $28.28 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 16.7% and a 60.58% 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.