At the time of writing, Patrick Industries, Inc [PATK] stock is trading at $90.02, up 5.00%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PATK shares have gain 8.69% over the last week, with a monthly amount drifted -0.71%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Patrick Industries, Inc [NASDAQ: PATK] stock has seen the most recent analyst activity on October 01, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $160. Previously, The Benchmark Company started tracking the stock with Buy rating on August 29, 2024, and set its price target to $145. On December 07, 2023, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $105 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $80 on April 19, 2023. DA Davidson initiated its recommendation with a Neutral and recommended $65 as its price target on August 26, 2022. MKM Partners started tracking with a Buy rating for this stock on May 05, 2022, and assigned it a price target of $93. In a note dated April 12, 2022, Truist initiated an Buy rating and provided a target price of $75 on this stock.
For the past year, the stock price of Patrick Industries, Inc fluctuated between $60.67 and $98.90. Currently, Wall Street analysts expect the stock to reach $123 within the next 12 months. Patrick Industries, Inc [NASDAQ: PATK] shares were valued at $90.02 at the most recent close of the market. An investor can expect a potential return of 36.64% based on the average PATK price forecast.
Analyzing the PATK fundamentals
According to Patrick Industries, Inc [NASDAQ:PATK], the company’s sales were 3.65B for trailing twelve months, which represents an 6.16% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, 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 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
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 88.41 points at the first support level, and at 86.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.03, and for the 2nd resistance point, it is at 92.03.
Ratios To Look Out For
It is important to note that Patrick Industries, Inc [NASDAQ:PATK] has a current ratio of 2.41. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 2.68 and price to earnings (TTM) ratio is 19.40.
Transactions by insiders
Recent insider trading involved Duthie Joel D, Chief Legal Officer/Secretary, that happened on Dec 09 ’24 when 718.0 shares were sold. Chief Legal Officer/Secretary, Joel D. Duthie completed a deal on Dec 09 ’24 to buy 718.0 shares. Meanwhile, Chief Executive Officer NEMETH ANDY L sold 20000.0 shares on Nov 22 ’24.
