Wall Street predicts Pool Corporation (POOL) stock to drop by -1.99%

Pool Corporation [POOL] stock prices are up 7.60% to $377.33 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The POOL shares have gain 2.14% over the last week, with a monthly amount glided 3.08%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Pool Corporation [NASDAQ: POOL] stock has seen the most recent analyst activity on January 08, 2024, when Loop Capital downgraded its rating to a Hold and also boosted its price target to $415 from $380. Previously, Wells Fargo started tracking the stock with Equal Weight rating on December 19, 2023, and set its price target to $400. On December 08, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $368 on the stock. Stephens upgraded its rating to a Overweight and increased its price target to $420 on April 21, 2023. Loop Capital upgraded its rating to a Buy and raised its price target to $415 on April 06, 2023. Oppenheimer started tracking with a Outperform rating for this stock on March 10, 2023, and assigned it a price target of $408. In a note dated February 06, 2023, Stifel downgraded an Hold rating on this stock and boosted its target price from $355 to $360.

The stock price of Pool Corporation [POOL] has been fluctuating between $293.51 and $422.73 over the past year. Currently, Wall Street analysts expect the stock to reach $369.83 within the next 12 months. Pool Corporation [NASDAQ: POOL] shares were valued at $377.33 at the most recent close of the market. An investor can expect a potential drop of -1.99% based on the average POOL price forecast.

Analyzing the POOL fundamentals

The Pool Corporation [NASDAQ:POOL] reported sales of 5.37B for trailing twelve months, representing a drop of -4.72%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.33 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.

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 369.23 points at the first support level, and at 361.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 382.72, and for the 2nd resistance point, it is at 388.10.

Ratios To Look Out For

It’s worth pointing out that Pool Corporation [NASDAQ:POOL]’s Current Ratio is 2.48. In addition, the Quick Ratio stands at 0.88 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 2.69, the price to book ratio is 10.15 and price to earnings (TTM) ratio is 31.78.

Transactions by insiders

Recent insider trading involved NEIL JENNIFER M, General Counsel/Secretary, that happened on Mar 01 ’24 when 1100.0 shares were sold. Director, PEREZ DE LA MESA MANUEL J completed a deal on Feb 26 ’24 to sell 33988.0 shares. Meanwhile, Director PEREZ DE LA MESA MANUEL J sold 3512.0 shares on Feb 27 ’24.

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