Stock Market News For Nov 16, 2018
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; PACCAR Inc PCAR.
PACCAR in Focus
PCAR may be an interesting play thanks to its forward PE of 9.7, its P/S ratio of 0.9, and its decent dividend yield of 1.9%. These factors suggest that PACCAR is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that PCAR has decent revenue metrics to back up its earnings.
PACCAR Inc. PE Ratio (TTM)
PACCAR Inc. PE Ratio (TTM) | PACCAR Inc. Quote
But before you think that PACCAR is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.8% in the past 30 days, thanks to nine upward revision in the past one months compared to one lower.
This estimate strength is actually enough to push PCAR to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So really, PACCAR is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
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PACCAR Inc. (PCAR) : Free Stock Analysis Report
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