Patterson Companies Inc. [NASDAQ: PDCO] surged by $2.53 during the normal trading session on while it closed the day at $25.38.
Patterson Companies Inc. stock has also gained 11.12% of its value over the past 7 days. However, PDCO stock has declined by -5.55% in the 3 months of the year. Over the past six months meanwhile, it has lost -6.00% and lost -10.79% year-on date.
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The market cap for PDCO stock reached $2.27 billion, with 89.70 million shares outstanding and 79.43 million shares in the current float. Compared to the average trading volume of 777.28K shares, PDCO reached a trading volume of 3989746 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Patterson Companies Inc. [PDCO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PDCO shares is $28.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PDCO stock is a recommendation set at 2.69. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Patterson Companies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Leerink Partners raised their target price to Outperform. The new note on the price target was released on February 26, 2024, representing the official price target for Patterson Companies Inc. stock. Previously, the target price had yet another raise to $36, while Credit Suisse analysts kept a Outperform rating on PDCO stock.
The Average True Range (ATR) for Patterson Companies Inc. is set at 0.71, with the Price to Sales ratio for PDCO stock in the period of the last 12 months amounting to 0.35. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 1.28.
PDCO stock trade performance evaluation
Patterson Companies Inc. [PDCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.12. With this latest performance, PDCO shares dropped by -1.48% in over the last four-week period, additionally sinking by -6.00% over the last 6 months – not to mention a drop of -10.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PDCO stock in for the last two-week period is set at 61.26, with the RSI for the last a single of trading hit 69.79, and the three-weeks RSI is set at 55.75 for Patterson Companies Inc. [PDCO]. The present Moving Average for the last 50 days of trading for this stock 24.99, while it was recorded at 23.32 for the last single week of trading, and 27.93 for the last 200 days.
Patterson Companies Inc. [PDCO]: An insightful look at the core fundamentals
Patterson Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 1.33.
Earnings per share (EPS) analysis for Patterson Companies Inc. [PDCO] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PDCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Patterson Companies Inc. go to 9.00%.
Patterson Companies Inc. [PDCO]: Institutional Ownership
The top three institutional holders of PDCO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PDCO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PDCO stock with ownership which is approximately 5.8386%.
