PACCAR Inc (PCAR): Today's Featured Automotive Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day down 0.2%. By the end of trading, PACCAR fell $1.05 (-1.8%) to $56.20 on heavy volume. Throughout the day, 3,366,495 shares of PACCAR exchanged hands as compared to its average daily volume of 1,540,400 shares. The stock ranged in price between $55.63-$56.50 after having opened the day at $55.73 as compared to the previous trading day's close of $57.25. Other companies within the Automotive industry that declined today were:
(
), down 6.0%,
(
), down 5.7%,
(
), down 2.8% and
(
), down 2.8%.
PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. PACCAR has a market cap of $20.4 billion and is part of the consumer goods sector. Shares are up 27.9% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate PACCAR a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
PACCAR
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full PACCAR Ratings Report.
On the positive front,
(
), up 6.2%,
(
), up 4.1%,
(
), up 3.0% and
(
), up 2.8% , were all gainers within the automotive industry with
(
) being today's featured automotive industry leader.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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