Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Buy rating on Paccar (NASDAQ:PCAR) Inc on Tuesday, setting a price target of $120, which is approximately 33.24% above the present share price of $90.06.
Volkmann expects Paccar Inc to post earnings per share (EPS) of $1.35 for the second quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Paccar, with an average price target of $102.43.
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 $589.2 million. The company's market cap is $31.27 billion.
According to TipRanks.com, Jefferies analyst Stephen Volkmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.5% and a 74.01% 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.