UBS Maintains a 'Buy' on PACCAR (PCAR); Misses 2Q, but We Still See Upside For Shares
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Price: $54.56 +0.04%
Rating Summary:
6 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 41 | New: 13
Rating Summary:
6 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 41 | New: 13
Trade PCAR Now!
UBS maintains a 'Buy' on PACCAR (NASDAQ: PCAR), price target lowered from $63 to $60.
UBS analyst says, "Reports 2Q EPS of $0.65 (consensus: $0.69)...Lowers 2011 U.S. & Canada industry sales forecast, but raises Europe forecast...Reflecting the 2Q miss, we are tweaking our 2011E EPS to $2.55, from $2.60. We are also lowering our 2012 and 2013 EPS estimates by $0.15 apiece to $3.85 and $4.85, respectively, as we are now modeling a more cautious ramp in operating margins."
For more ratings news on PACCAR click here and for the rating history of PACCAR click here.
Shares of PACCAR closed at $45.02 yesterday, with a 52 week range of $39.77-$58.75.
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UBS analyst says, "Reports 2Q EPS of $0.65 (consensus: $0.69)...Lowers 2011 U.S. & Canada industry sales forecast, but raises Europe forecast...Reflecting the 2Q miss, we are tweaking our 2011E EPS to $2.55, from $2.60. We are also lowering our 2012 and 2013 EPS estimates by $0.15 apiece to $3.85 and $4.85, respectively, as we are now modeling a more cautious ramp in operating margins."
For more ratings news on PACCAR click here and for the rating history of PACCAR click here.
Shares of PACCAR closed at $45.02 yesterday, with a 52 week range of $39.77-$58.75.
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