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


The leading market experts have placed a mean price target of $51.14 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 $48.68, and stock is hovering 0.25 or +0.51% distant from $48.68. It is noted that the 200-day MA is $45.37, and Patterson Companies, Inc. stock is $3.56 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 $-4.14, it will post a 52-week high. In event of $+27.06% 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 25.55. The stock last ended the trading session at $48.93 and registered a market cap of $4.67B. 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 1.86.

1 Chart Pattern Every Investor Should Know

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