Patterson Companies Inc [NASDAQ: PDCO] traded at a low on Thursday, posting a -0.90 loss after which it closed the day’ session at $30.94.
The results of the trading session contributed to over 6791020 shares changing hands. Over the past one week, the price volatility of Patterson Companies Inc stands at 1.36% while the volatility over the past one month is 0.42%.
The market cap for PDCO stock reached $2.74 billion, with 88.45 million shares outstanding and 78.08 million shares in the current float. Compared to the average trading volume of 1.38M shares, PDCO reached a trading volume of 6791020 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $31.20 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 3.00. 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.
Mizuho have made an estimate for Patterson Companies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 04, 2024. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $34 to $28. The new note on the price target was released on February 29, 2024, representing the official price target for Patterson Companies Inc stock. Previously, the target price had yet another raise to $36, while Leerink Partners analysts kept a Outperform rating on PDCO stock.
The Average True Range (ATR) for Patterson Companies Inc is set at 0.17, with the Price to Sales ratio for PDCO stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 2.77, with the Price to Cash per share for the same quarter was set at 1.53.
How has PDCO stock performed recently?
Patterson Companies Inc [PDCO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.87. With this latest performance, PDCO shares dropped by -0.64% in over the last four-week period, additionally plugging by 52.64% over the last 6 months – not to mention a rise of 16.53% 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 42.42, with the RSI for the last a single of trading hit 39.51, and the three-weeks RSI is set at 48.93 for Patterson Companies Inc [PDCO]. The present Moving Average for the last 50 days of trading for this stock 31.10, while it was recorded at 31.00 for the last single week of trading, and 26.03 for the last 200 days.
Patterson Companies Inc [PDCO]: Deeper insight into the fundamentals
Patterson Companies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 1.41.
Earnings analysis for Patterson Companies Inc [PDCO]
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 1.11%.
Insider trade positions for Patterson Companies Inc [PDCO]
There are presently around $94.72%, or 95.72%% 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 14.6155%. 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%.
