Zacks.com featured highlights PACCAR, Atmus Filtration and PagSeguro Digital
For Immediate Release
Chicago, IL – March 22, 2024 – Stocks in this week’s article are PACCAR Inc. PCAR, Atmus Filtration Technologies Inc. ATMU and PagSeguro Digital Ltd. PAGS.
3 Stocks with Upgraded Broker Ratings Worth Betting On Now
With the Federal Reserve still signaling a 75-basis point cut in interest rates and projecting strong U.S economic growth this year, it seems to be the right time to enter the market. However, it is not easy for individual investors to select stocks independently and generate robust returns.
For this, one has to understand the fundamentals of a company and try to place them against the present economic background to figure out how it may fare as an investment. One way to cut short this task is to follow brokers’ recommendations.
Hence, stocks like PACCAR Inc., Atmus Filtration Technologies Inc. and PagSeguro Digital Ltd. are worth considering.
As brokers directly communicate with the top management, they have a deeper insight into what is happening in a particular company. They assess companies’ publicly available documents and even attend conference calls.
Brokers have more understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment.
When brokers upgrade a stock, one can easily rely on their judgment. However, depending on broker upgrades is not the correct way to build your investment portfolio. Several other factors should be taken into account to ensure steady returns.
Here are three of the four stocks that qualified for the screening:
Headquartered in Bellevue, WA, PACCAR is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. PCAR also designs and manufactures diesel engines and other powertrain components for use in its products and sale to third-party manufacturers of trucks and buses.
PCAR’s earnings estimates for 2024 have been revised almost 1% north over the past 30 days. PACCAR, sporting a Zacks Rank #1, has witnessed a 6.7% upward revision in broker ratings over the past four weeks.
Headquartered in Nashville, TN, Atmus Filtration Technologies designs, manufactures and sells filtration products under the Fleetguard brand name. ATMU’s products are used in on-highway commercial vehicles and off-highway agriculture, construction, mining and power generation vehicles and equipment.
Atmus Filtration Technologies’ 2024 earnings estimates have been revised 2.9% upward over the past 60 days. ATMU, sporting a Zacks Rank #1 at present, has witnessed a 16.7% upward revision in broker ratings over the past four weeks.
PagSeguro, based in Brazil, provides financial technology solutions and services. PAGS’ products and services include PagSeguro Ecosystem, PagBank and PlugPag
PagSeguro’s 2024 earnings estimates have moved 5.8% upward over the past 60 days. PAGS, sporting a Zacks Rank #2 at present, has witnessed a 7.1% upward revision in broker ratings in the past four weeks.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2243893/3-stocks-with-upgraded-broker-ratings-worth-betting-on-now
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PACCAR Inc. (PCAR) : Free Stock Analysis Report
PagSeguro Digital Ltd. (PAGS) : Free Stock Analysis Report
Atmus Filtration Technologies Inc. (ATMU) : Free Stock Analysis Report
