Patterson Companies Inc. [NASDAQ: PDCO] loss -12.51% or -3.21 points to close at $22.48 with a heavy trading volume of 4129527 shares.
The daily chart for PDCO points out that the company has recorded -15.95% loss over the past six months.
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If we look at the average trading volume of 895.92K shares, PDCO reached to a volume of 4129527 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $26.70 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 2.67. 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 0.86, with the Price to Sales ratio for PDCO stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 1.30.
Trading performance analysis for PDCO stock
Patterson Companies Inc. [PDCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.45. With this latest performance, PDCO shares dropped by -15.48% in over the last four-week period, additionally sinking by -15.95% over the last 6 months – not to mention a drop of -33.70% 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 34.65, with the RSI for the last a single of trading hit 29.15, and the three-weeks RSI is set at 38.31 for Patterson Companies Inc. [PDCO]. The present Moving Average for the last 50 days of trading for this stock 24.63, while it was recorded at 24.61 for the last single week of trading, and 26.66 for the last 200 days.
Patterson Companies Inc. [PDCO]: A deeper dive into fundamental analysis
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.
Patterson Companies Inc. [PDCO]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Patterson Companies Inc. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.4/share. 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%.
An analysis of Institutional ownership at Patterson Companies Inc. [PDCO]
There are presently around $89.35%, or 101.22%% of PDCO stock, in the hands of institutional investors. The top three institutional holders of PDCO stocks are: BLACKROCK INC. with ownership of 12.88 million shares, which is approximately 13.8543%. VANGUARD GROUP INC, holding 9.42 million shares of the stock with an approximate value of $$227.22 million in PDCO stocks shares; and VANGUARD GROUP INC, currently with $$94.44 million in PDCO stock with ownership which is approximately 4.2114%.
