Patterson Companies Inc (NASDAQ: PDCO)’s stock price has decreased by -0.03 compared to its previous closing price of 30.90. However, the company has seen a 0.06% increase in its stock price over the last five trading sessions. zacks.com reported 2024-12-16 that Patterson enters into a definitive agreement to be acquired by Patient Square Capital at a valuation of approximately $4.1 billion.
Is It Worth Investing in Patterson Companies Inc (NASDAQ: PDCO) Right Now?
The price-to-earnings ratio for Patterson Companies Inc (NASDAQ: PDCO) is 18.01x, which is above its average ratio. Moreover, the 36-month beta value for PDCO is 0.96. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for PDCO is 77.88M and currently, short sellers hold a 3.23% of that float. On December 27, 2024, PDCO’s average trading volume was 1.15M shares.
PDCO’s Market Performance
PDCO’s stock has seen a 0.06% increase for the week, with a 42.88% rise in the past month and a 43.47% gain in the past quarter. The volatility ratio for the week is 0.33%, and the volatility levels for the past 30 days are at 1.82% for Patterson Companies Inc The simple moving average for the past 20 days is 14.23% for PDCO’s stock, with a 28.42% simple moving average for the past 200 days.
Analysts’ Opinion of PDCO
Many brokerage firms have already submitted their reports for PDCO stocks, with Mizuho repeating the rating for PDCO by listing it as a “Neutral.” The predicted price for PDCO in the upcoming period, according to Mizuho is $23 based on the research report published on December 04, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see PDCO reach a price target of $28, previously predicting the price at $34. The rating they have provided for PDCO stocks is “Neutral” according to the report published on February 29th, 2024.
Leerink Partners gave a rating of “Outperform” to PDCO, setting the target price at $36 in the report published on February 26th of the current year.
PDCO Trading at 32.13% 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 -2.83% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 0.33%, as shares surge +43.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.80% upper at present.
During the last 5 trading sessions, PDCO rose by +0.06%, which changed the moving average for the period of 200-days by +14.58% in comparison to the 20-day moving average, which settled at $27.04. In addition, Patterson Companies Inc saw 8.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PDCO starting from Zurbay Donald, who sale 1,962 shares at the price of $23.08 back on Dec 09 ’24. After this action, Zurbay Donald now owns 222,736 shares of Patterson Companies Inc, valued at $45,278 using the latest closing price.
Zurbay Donald, the President & CEO of Patterson Companies Inc, sale 7,216 shares at $24.99 during a trade that took place back on Jul 16 ’24, which means that Zurbay Donald is holding 230,072 shares at $180,328 based on the most recent closing price.
Stock Fundamentals for PDCO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.21 for the gross margin
The net margin for Patterson Companies Inc stands at 0.02. The total capital return value is set at 0.15. Equity return is now at value 15.39, with 5.41 for asset returns.
Based on Patterson Companies Inc (PDCO), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -1.32. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 4.61.
Currently, EBITDA for the company is 374.76 million with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 12.32for trailing twelve months and the total asset turnover is 2.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To wrap up, the performance of Patterson Companies Inc (PDCO) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
