PACCAR Inc (PCAR): Today's Featured Automotive Winner

PACCAR ( PCAR) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 2.1%. By the end of trading, PACCAR rose $1.00 (1.9%) to $53.63 on average volume. Throughout the day, 1,510,199 shares of PACCAR exchanged hands as compared to its average daily volume of 1,807,300 shares. The stock ranged in a price between $52.86-$53.72 after having opened the day at $52.96 as compared to the previous trading day's close of $52.63. Other companies within the Automotive industry that increased today were: Westport Innovations ( WPRT), up 9.3%, Fuel Systems Solutions ( FSYS), up 6.7%, Wabash National Corporation ( WNC), up 6.7% and Marine Products Corporation ( MPX), up 6.4%.

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 $18.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Wednesday. 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 buy. 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.

On the negative front, Icahn ( IEP), down 3.2% and Motorcar Parts of America ( MPAA), down 2.7%.

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 ( XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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