While Patterson Companies Inc. has overperformed by 0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PDCO fell by -31.81%, with highs and lows ranging from $32.58 to $19.95, whereas the simple moving average fell by -21.05% in the last 200 days.
On February 29, 2024, Piper Sandler Downgraded Patterson Companies Inc. (NASDAQ: PDCO) to Neutral. A report published by Leerink Partners on February 26, 2024, Initiated its previous ‘Outperform’ rating for PDCO. Credit Suisse also rated PDCO shares as ‘Outperform’, setting a target price of $36 on the company’s shares in an initiating report dated May 13, 2022. Morgan Stanley Initiated an Equal-Weight rating on January 31, 2022, and assigned a price target of $30. Credit Suisse initiated its ‘Outperform’ rating for PDCO, as published in its report on October 01, 2021. Piper Sandler’s report from June 17, 2021 suggests a price prediction of $44 for PDCO shares, giving the stock a ‘Overweight’ rating. Guggenheim also rated the stock as ‘Neutral’.
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Analysis of Patterson Companies Inc. (PDCO)
Investors in Patterson Companies Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.04 per share. Further, the quarter-over-quarter decrease in sales is -2.22%, showing a negative trend in the upcoming months.
One of the most important indicators of Patterson Companies Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 16.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and PDCO is recording 849.44K average volume. On a monthly basis, the volatility of the stock is set at 2.66%, whereas on a weekly basis, it is put at 2.08%, with a loss of -0.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.33, showing growth from the present price of $20.15, which can serve as yet another indication of whether PDCO is worth investing in or should be passed over.
How Do You Analyze Patterson Companies Inc. Shares?
The Medical Distribution market is dominated by Patterson Companies Inc. (PDCO) based in the USA. When comparing Patterson Companies Inc. shares with other companies under Healthcare, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.99, there is a growth in quarterly earnings of -52.36%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.86%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PDCO shares are owned by institutional investors to the tune of 86.95% at present.
