PACCAR (Nasdaq:PCAR) hit a new 52-week high Thursday as it is currently trading at $48.46, above its previous 52-week high of $48.22 with 1.6 million shares traded as of 10:50 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- PACCAR (Nasdaq: PCAR) hit a new 52-week high Thursday as it is currently trading at $48.46, above its previous 52-week high of $48.22 with 1.6 million shares traded as of 10:50 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. PACCAR has a market cap of $16.41 billion and is part of the consumer goods sector and automotive industry. Shares are up 2.8% year to date as of the close of trading on Wednesday. PACCAR Inc, together with its subsidiaries, designs, manufactures, and distributes light-, medium-, and heavy-duty trucks and related aftermarket parts worldwide. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PACCAR Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.