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


The leading market experts have placed a mean price target of $50.00 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 $0.71 a share for the upcoming quarter and $2.64 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 $47.05, and stock is trading $-2.03 points away or -4.32% from its 50-day moving average of $47.05. Further it is trading $-1.38 or -2.97% away its 200-day moving average of $46.40. Patterson Companies, Inc. (NASDAQ:PDCO) 52-week high is $50.40 and the 52-week low is $38.51.

This explains if the stock moves $-5.38, it will post a 52-week high. In event of +16.90% 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 22.20.

The stock last ended the trading session at $45.02 and registered a market cap of $4.30B. 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 1.95.

1 Chart Pattern Every Investor Should Know

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