At the time of writing, Patterson Companies Inc. [PDCO] stock is trading at $22.26, up 1.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The PDCO shares have gain 5.55% over the last week, with a monthly amount drifted -9.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Patterson Companies Inc. [NASDAQ: PDCO] stock has seen the most recent analyst activity on February 29, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $28 from $34. Previously, Leerink Partners started tracking the stock with Outperform rating on February 26, 2024, and set its price target to $36. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $30 on January 31, 2022. Piper Sandler upgraded its rating to Overweight for this stock on June 17, 2021, and upped its price target to $44. In a note dated November 10, 2020, Guggenheim downgraded an Neutral rating on this stock.
For the past year, the stock price of Patterson Companies Inc. fluctuated between $19.96 and $32.58. Currently, Wall Street analysts expect the stock to reach $29.83 within the next 12 months. Patterson Companies Inc. [NASDAQ: PDCO] shares were valued at $22.26 at the most recent close of the market. An investor can expect a potential return of 34.01% based on the average PDCO price forecast.
Analyzing the PDCO fundamentals
According to Patterson Companies Inc. [NASDAQ:PDCO], the company’s sales were 6.53B for trailing twelve months, which represents an -2.22% plunge. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.17 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.01 points at the first support level, and at 21.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.55, and for the 2nd resistance point, it is at 22.84.
Ratios To Look Out For
It is important to note that Patterson Companies Inc. [NASDAQ:PDCO] has a current ratio of 1.30. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 12.14.
Transactions by insiders
Recent insider trading involved Zurbay Donald, President & CEO, that happened on Jul 16 ’24 when 7216.0 shares were sold. President & CEO, Zurbay Donald completed a deal on Jul 03 ’24 to sell 5875.0 shares. Meanwhile, CLO & Corporate Secretary KORSH LES B sold 2842.0 shares on Jul 03 ’24.
