Patrick Industries, Inc. [PATK] stock prices are up 0.37% to $146.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PATK shares have gain 8.59% over the last week, with a monthly amount glided 13.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Patrick Industries, Inc. [NASDAQ: PATK] stock has seen the most recent analyst activity on August 29, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $145. Previously, BMO Capital Markets started tracking the stock with Outperform rating on December 07, 2023, and set its price target to $105. On April 19, 2023, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $80 on the stock. DA Davidson started tracking the stock assigning a Neutral rating and suggested a price target of $65 on August 26, 2022. MKM Partners initiated its recommendation with a Buy and recommended $93 as its price target on May 05, 2022. Truist started tracking with a Buy rating for this stock on April 12, 2022, and assigned it a price target of $75. In a note dated April 04, 2022, BofA Securities initiated an Underperform rating and provided a target price of $60 on this stock.
The stock price of Patrick Industries, Inc. [PATK] has been fluctuating between $70.15 and $146.68 over the past year. Currently, Wall Street analysts expect the stock to reach $133 within the next 12 months. Patrick Industries, Inc. [NASDAQ: PATK] shares were valued at $146.96 at the most recent close of the market. An investor can expect a potential drop of -9.5% based on the average PATK price forecast.
Analyzing the PATK fundamentals
The Patrick Industries, Inc. [NASDAQ:PATK] reported sales of 3.60B for trailing twelve months, representing a surge of 10.42%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
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 145.07 points at the first support level, and at 143.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 148.32, and for the 2nd resistance point, it is at 149.69.
Ratios To Look Out For
It’s worth pointing out that Patrick Industries, Inc. [NASDAQ:PATK]’s Current Ratio is 2.29. As well, the Quick Ratio is 0.94, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 3.00 and price to earnings (TTM) ratio is 21.11.
Transactions by insiders
Recent insider trading involved Rodino Jeff, President-RV, that happened on Sep 12 ’24 when 20000.0 shares were sold. Director, Cleveland Todd M completed a deal on Sep 12 ’24 to sell 7500.0 shares. Meanwhile, Director Cleveland Todd M sold 2500.0 shares on Sep 13 ’24.
