Stock To Watch: Patterson Companies, Inc. (NASDAQ:PDCO)


The leading market experts have placed a mean price target of $51.21 on Patterson Companies, Inc. (NASDAQ:PDCO) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.62 a share for the upcoming quarter and $2.66 for the current fiscal. Technical View The technical analysis of Patterson Companies, Inc. plainly substantiates that the 50-day moving average of Patterson Companies, Inc. is $46.11, and stock is hovering 1.87 or +4.05% distant from $46.11. It is noted that the 200-day MA is $44.49, and Patterson Companies, Inc. stock is $3.49 or +7.85% off from this point. Patterson Companies, Inc. (NASDAQ:PDCO) 52-week high is $53.07 and the 52-week low is $38.51. This explains if the stock moves $-5.09, it will post a 52-week high. In event of $+24.59% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Patterson Companies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Patterson Companies, Inc. (NASDAQ:PDCO) ratio came in at 25.05. The stock last ended the trading session at $47.98 and registered a market cap of $4.58B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Patterson Companies, Inc. (NASDAQ:PDCO) PEG ratio is at 1.85.

1 Chart Pattern Every Investor Should Know

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