Patterson Companies Inc. (NASDAQ: PDCO)’s stock price has gone decline by -1.01 in comparison to its previous close of 25.73, however, the company has experienced a -1.01% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-04-10 that With rising concerns in the market potentially forcing a strategic shift, investors may want to consider healthcare stocks. No matter what happens, people need access to health-related products and services.
Is It Worth Investing in Patterson Companies Inc. (NASDAQ: PDCO) Right Now?
Patterson Companies Inc. (NASDAQ: PDCO) has a price-to-earnings ratio that is above its average at 12.57x. The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for PDCO is 79.43M, and at present, short sellers hold a 3.48% of that float. On April 19, 2024, the average trading volume of PDCO was 789.16K shares.
PDCO’s Market Performance
The stock of Patterson Companies Inc. (PDCO) has seen a -1.01% decrease in the past week, with a -5.21% drop in the past month, and a -16.02% fall in the past quarter. The volatility ratio for the week is 1.75%, and the volatility levels for the past 30 days are at 1.82% for PDCO. The simple moving average for the last 20 days is -3.98% for PDCO’s stock, with a simple moving average of -14.10% for the last 200 days.
Analysts’ Opinion of PDCO
Many brokerage firms have already submitted their reports for PDCO stocks, with Piper Sandler repeating the rating for PDCO by listing it as a “Neutral.” The predicted price for PDCO in the upcoming period, according to Piper Sandler is $28 based on the research report published on February 29, 2024 of the current year 2024.
Leerink Partners, on the other hand, stated in their research note that they expect to see PDCO reach a price target of $36. The rating they have provided for PDCO stocks is “Outperform” according to the report published on February 26th, 2024.
Credit Suisse gave a rating of “Outperform” to PDCO, setting the target price at $36 in the report published on May 13th of the previous year.
PDCO Trading at -6.64% from the 50-Day Moving Average
After a stumble in the market that brought PDCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.24% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.75%, as shares sank -6.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.08% lower at present.
During the last 5 trading sessions, PDCO fell by -1.01%, which changed the moving average for the period of 200-days by -21.61% in comparison to the 20-day moving average, which settled at $26.43. In addition, Patterson Companies Inc. saw -10.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PDCO starting from BARRY KEVIN MICHAEL, who sale 560 shares at the price of $27.18 back on Dec 19 ’23. After this action, BARRY KEVIN MICHAEL now owns 21,674 shares of Patterson Companies Inc., valued at $15,221 using the latest closing price.
Zurbay Donald, the President & CEO of Patterson Companies Inc., sale 1,868 shares at $26.58 during a trade that took place back on Dec 06 ’23, which means that Zurbay Donald is holding 141,923 shares at $49,651 based on the most recent closing price.
Stock Fundamentals for PDCO
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.21 for the gross margin
The net margin for Patterson Companies Inc. stands at 0.03. The total capital return value is set at 0.17. Equity return is now at value 18.71, with 6.59 for asset returns.
Based on Patterson Companies Inc. (PDCO), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.92. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 6.46.
Currently, EBITDA for the company is 387.5 million with net debt to EBITDA at 2.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.46. The receivables turnover for the company is 9.81for trailing twelve months and the total asset turnover is 2.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
To sum up, Patterson Companies Inc. (PDCO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
