Concerns Diverting Active Stocks Direction: PACCAR (NASDAQ:PCAR), CEMEX (NYSE:CX)

PACCAR Inc (NASDAQ:PCAR) [Trend Analysis] luring active investment momentum, shares a loss -1.50% to $64.43.Board of Directors of PACCAR Inc (PCAR) declared that an extra cash dividend in the amount of sixty cents ($.60) per share, payable on January 6, 2017, to stockholders of record at the close of business on December 16, 2016. The Board of Directors also declared a regular quarterly cash dividend in the amount of twenty-four cents ($.24) per share, payable on March 7, 2017, to stockholders of record at the close of business on February 14, 2017.

Mark Pigott, executive chairman, shared, “PACCAR’s profits and strong cash flow have enabled the company to invest in industry-leading vehicles and powertrain, enhance its connected truck technologies, expand its aftermarket distribution centers and pay dividends every year since 1941.”“PACCAR’s results reflect a strong truck market in Europe, increased heavy-duty truck market share in North America and Europe, and good aftermarket parts and financial services results worldwide,” said Ron Armstrong, chief executive officer.

“PACCAR’s customers are benefiting from good economic growth and the excellent operating efficiency of our industry-leading Kenworth, Peterbilt and DAF trucks. Peterbilt and Kenworth achieved record third quarter U.S. and Canada Class 8 retail sales market share of 31.0 percent. DAF’s year-to-date above 16-tonne European truck market share increased to 15.6 percent compared to 14.6 percent in the same period last year.” The total volume of 3.58 Million shares held in the session was surprisingly higher than its average volume of 2059.62 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 18.20%, and looking further price to next year’s EPS is -10.66%. While take a short look on price to sales ratio, that was 1.30 and price to earning ratio of 39.26 attracting passive investors.

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) [Trend Analysis] runs in leading trade, it moving up 2.11% to traded at $8.21. The firm has price volatility of 2.75% for a week and 4.14% for a month. Its beta stands at 1.93 times. CEMEX S.A.B. de C.V. (CX) declared that it will be able to meet its US$1.5 billion to US$2 billion 2017 asset disposal target ahead of schedule. Year to date, CEMEX has released divestments of close to US$2 billion, about half of which have been completed and the rest are expected to close by early next year.

With the proceeds from asset divestments, as well as free cash flow generation and cash on hand, CEMEX has reduced total debt plus perpetual securities by more than US$2 billion year to date, in line with this year’s target.With the proceeds from pending asset divestments, as well as continued favorable free cash flow generation, CEMEX is also well on track to reach its debt reduction target of U.S.$3 to U.S.$3.5 billion by the end of 2017. Narrow down four to firm performance, its weekly performance was 4.72% and monthly performance was -1.44%. The stock price of CX is moving up from its 20 days moving average with 3.49% and isolated negatively from 50 days moving average with -0.42%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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