Wall Street analysts’ outlook for Patterson Companies Inc. (PDCO)

With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.29 million shares. The 52-week range on PDCO shows that it touched its highest point at $34.53 and its lowest point at $25.00 during that stretch. It currently has a 1-year price target of $30.00. With its current market cap of 2.51 billion, PDCO has annualized dividend of $1.04 while the current yield stands at 3.84%. Beta for the stock currently stands at 1.04.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PDCO was down-trending over the past week, with a drop of -4.34%, but this was down by -10.03% over a month. Three-month performance dropped to -13.81% while six-month performance fell -18.72%. The stock gained 2.15% in the past year, while it has lost -4.78% so far this year. A look at the trailing 12-month EPS for PDCO yields 2.03 with Next year EPS estimates of 2.49. For the next quarter, that number is 0.84. This implies an EPS growth rate of -3.72% for this year and 6.75% for next year. EPS is expected to grow by 6.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.34%.

Float and Shares Shorts:

At present, 96.35 million PDCO shares are outstanding with a float of 82.50 million shares on hand for trading. On Feb 15, 2024, short shares totaled 3.18 million, which was 3.43% higher than short shares on Jan 12, 2024. In addition to Mr. Donald J. Zurbay as the firm’s CEO, President & Director, Mr. Kevin M. Barry serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 85.69% of PDCO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PDCO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PDCO analysts setting a high price target of $34.00 and a low target of $28.00, the average target price over the next 12 months is $30.00. Based on these targets, PDCO could surge 25.51% to reach the target high and rise by 3.36% to reach the target low. Reaching the average price target will result in a growth of 10.74% from current levels.

Dividends & Yield:

In terms of dividends, PDCO has a current ratio of $1.04, which is $1.04 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PDCO currently yields $3.89. In the past year, PDCO’s dividend yield has been $3.89, but when looking at the stock over the past five years, its yield has been $3.85. Accordingly, PDCO has a current buyback yield of $10.29. This was $10.29 for the TTM, and it was $– for the past five years.

Summary of Insider Activity:

Insiders traded PDCO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 107,759 while 40,867 shares were sold.