The stock of Patterson Companies Inc. (PDCO) has seen a -0.40% decrease in the past week, with a -2.89% drop in the past month, and a -17.18% decrease in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 2.66% for PDCO. The simple moving average for the past 20 days is -5.05% for PDCO’s stock, with a -21.05% simple moving average for the past 200 days.
Is It Worth Investing in Patterson Companies Inc. (NASDAQ: PDCO) Right Now?
Patterson Companies Inc. (NASDAQ: PDCO) has a higher price-to-earnings ratio of 10.99x compared to its average ratio, The 36-month beta value for PDCO is at 1.01. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for PDCO is 77.69M, and currently, shorts hold a 3.92% of that float. The average trading volume for PDCO on October 11, 2024 was 849.44K shares.
PDCO) stock’s latest price update
Patterson Companies Inc. (NASDAQ: PDCO)’s stock price has gone rise by 0.05 in comparison to its previous close of 20.14, however, the company has experienced a -0.40% decrease in its stock price over the last five trading days. zacks.com reported 2024-09-27 that Patterson Companies announces to invest in two separate businesses to boost its animal health business.
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 -10.73% 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 -38.15% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -4.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.20% lower at present.
During the last 5 trading sessions, PDCO fell by -0.40%, which changed the moving average for the period of 200-days by -28.72% in comparison to the 20-day moving average, which settled at $21.22. In addition, Patterson Companies Inc. saw -29.17% 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 Zurbay Donald, who sale 7,216 shares at the price of $24.99 back on Jul 16 ’24. After this action, Zurbay Donald now owns 230,072 shares of Patterson Companies Inc., valued at $180,328 using the latest closing price.
Zurbay Donald, the President & CEO of Patterson Companies Inc., sale 5,875 shares at $23.71 during a trade that took place back on Jul 03 ’24, which means that Zurbay Donald is holding 237,288 shares at $139,322 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 16.33, with 5.85 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 -1.02. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 5.19.
Currently, EBITDA for the company is 341.08 million with net debt to EBITDA at 2.16. When we switch over and look at the enterprise to sales, we see a ratio of 0.39. The receivables turnover for the company is 10.64for trailing twelve months and the total asset turnover is 2.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In conclusion, Patterson Companies Inc. (PDCO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
