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.

PACCAR ( PCAR) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole closed the day up 0.4%. By the end of trading, PACCAR fell $0.66 (-1.1%) to $58.49 on average volume. Throughout the day, 1,568,626 shares of PACCAR exchanged hands as compared to its average daily volume of 1,558,700 shares. The stock ranged in price between $58.23-$59.08 after having opened the day at $58.93 as compared to the previous trading day's close of $59.15. Other companies within the Automotive industry that declined today were: General Motors ( GM), down 3.4%, Spartan Motors ( SPAR), down 3.0%, Stoneridge ( SRI), down 2.7% and LKQ Corporation ( LKQ), down 2.6%.

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 $20.8 billion and is part of the consumer goods sector. Shares are down 0.9% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate PACCAR a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates PACCAR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Motorcar Parts of America ( MPAA), up 14.7%, Fuel Systems Solutions ( FSYS), up 6.2%, Tata Motors ( TTM), up 5.6% and Patrick Industries ( PATK), up 5.4%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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