JP Morgan has upgraded Paccar Inc (PCAR) to Overweight from Neutral, reflecting an improved outlook for the company. The action, taken on December 18, 2025, coincides with Paccar's current stock price of $112.36.
This upgrade underscores a more optimistic view on Paccar's prospects, which may stem from improved fundamentals, better-than-expected business performance, or increased confidence in the company's strategic direction. Paccar, a global technology company based in Bellevue, Washington, specializes in designing and manufacturing light, medium, and heavy-duty trucks. With a market capitalization of $58.9 billion, the company reported a trailing twelve-month price-to-earnings (P/E) ratio of 21.89 and earnings per share (EPS) of 5.11.
Investors should note that analyst ratings represent professional opinions derived from research and financial models. While they can provide valuable insights, these assessments are based on assumptions that may not always materialize.
Upcoming earnings reports are scheduled for July 20, 2026, with an EPS estimate of $1.34 and revenue expectations of $7.1 billion, and April 27, 2026, with an EPS estimate of $1.24 and revenue of $6.9 billion. Recent earnings performance has shown mixed results, with Q3 2025 EPS at $1.12, falling short of the $1.19 estimate.
Analyst consensus as of December 1, 2025, indicates a majority view of Buy, with 5 Strong Buy, 6 Buy, 15 Hold, 1 Sell, and no Strong Sell ratings among 27 analysts. Such decisions reflect the evolving sentiment surrounding Paccar's future in the machinery industry, particularly as it navigates competitive pressures and market dynamics.