Citigroup cuts PACCAR target to USD 115 for PACCAR stock

Published on 10/19/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PACCAR earned USD 1.43 per share versus USD 1.36 expected in Q2 2026. PACCAR stock costs EUR 99.16 on October 19, 2026 versus EUR 99.39.

Analyst view and reporting date

Citigroup lowered its PACCAR target to USD 115.00 on October 12, 2026.
PACCAR reported USD 7.55 billion in second-quarter revenue against USD 7.05 billion expected.
PACCAR stock trades at EUR 99.16 at 9:14 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.23 percent below the Xetra close of October 16, 2026.

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PACCAR Inc. (ISIN US6937181088) was trading at EUR 99.16 at Lang & Schwarz on October 19, 2026 at 9:14 a.m. CEST, 0.23 percent below the Xetra close of October 16, 2026. Citigroup had cut its PACCAR price target to USD 115.00 from USD 140.00 on October 12, 2026, while keeping a Neutral rating, according to Markets Insider.

Citigroup trims its target

The target cut came in a third-quarter earnings preview. Citigroup said its recent channel checks indicated that machinery demand fundamentals had held up and potentially strengthened over the preceding months, according to Markets Insider. The target is below the broader analyst average of USD 131.50, while the consensus consists of 11 Hold ratings and six Buy ratings, reported MarketBeat.

What does the target cut mean?

The valuation debate follows PACCAR's second-quarter operating result. PACCAR reported USD 7.55 billion in revenue and USD 1.43 in earnings per share, compared with USD 7.05 billion and USD 1.36 expected, respectively, according to MarketBeat. The standardized financial statements show second-quarter net income of USD 752.0 million and a 10.00 percent net margin. The next report will test whether stronger truck demand can support the earnings outlook.

Three dated PACCAR events

On October 21, 2025, PACCAR reported third-quarter earnings per share of USD 1.12, compared with USD 1.11 expected. On July 28, 2026, second-quarter earnings per share reached USD 1.43 against USD 1.33 expected. On October 12, 2026, Citigroup reduced its target from USD 140.00 to USD 115.00, as documented by Markets Insider.

Next dates include October 27

PACCAR's next quarterly report is scheduled for October 27, 2026, before the market opens, according to Zacks. The next listed ex-dividend date is November 10, 2026, with a USD 0.35 quarterly dividend and a USD 1.40 annualized payout, reported MarketBeat.

Stock remains below USD 100

PACCAR's euro quotation sits below the EUR 100.00 mark, while the Nasdaq listing closed at USD 110.82 on October 16, 2026. The primary listing is on the Nasdaq, and the company's business covers trucks, parts and financial services.

PACCAR stock was trading at EUR 99.16 at Lang & Schwarz on October 19, 2026 at 9:14 a.m. CEST, 0.23 percent below the Xetra close of October 16, 2026 at EUR 99.39. The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.