Skip to main content

Market Overview

Jefferies Comments On PACCAR 1Q EPS

Share:

According to Jefferies, PACCAR (NASDAQ: PCAR) 1Q EPS of $0.53 was $0.04 better than consensus as revenues beat and incremental margins surprised to the upside.

Jefferies said that commentary on pricing and margins was positive and it continues its Buy rating and $65 price target. “Our price target of $65 is based on 120% EV/Sales on our 2012E discounted back. It also equates to a 12x multiple on potential earnings power of $5.50. A slower than expected economic recovery that further delays order improvement could pressure the shares. The vertical integration strategy carries some execution risk if engine timing or performance fail to meet expectations.”

PACCAR closed yesterday at $52.19.

 

Related Articles (PCAR)

View Comments and Join the Discussion!

Posted-In: Jefferies PACCARAnalyst Color Analyst Ratings

Latest Ratings

StockFirmActionPT
MRVLMorgan StanleyMaintains49.0
TPLBWS FinancialMaintains1,700.0
AXLCredit SuisseMaintains10.0
MRVICredit SuisseMaintains34.0
JPMMorgan StanleyMaintains150.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com