Analyst Ratings for Patterson Cos. Inc. (PDCO)

Updated: 2017-07-28

Shares of Patterson Cos. Inc. (NASDAQ:PDCO) have received a consensus rating of Hold from Wall Street analysts. PDCO had previously received a consensus rating of Hold a month ago.

15 analysts issued ratings on the stock, where 4 gave PDCO a buy rating, 1 issued an overweight rating, 5 issued a hold rating, 1 gave an underweight rating, and 4 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 1. During this time, the number of analysts bearish on the stock has increased by 2.

Several price targets were given for PDCO by the analysts covering the stock. The highest price target was 53, implying potential capital gains of 25.09 percent. The minimum price target given was 38, which equates to a potential downside of -10.31 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.11 percent. That number becomes -6.29 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -2.92 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 2 analysts that revised their FY estimates downwards.

Analysts estimate earnings of PDCO to grow at a rate of 27.74 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PDCO is 0.85.

PDCO has a 52-week high of 49.69 and a 52-week low of 36.46. The current market price is above the trailing year's low by 16.21 percent, and below the high by 14.73 percent. PDCO has a price/earnings ratio of 23.67. Investors typically compare the P/E ratio to a company's peers in the industry. The PDCO value stock report compares PDCO to some of its peers using value stock charts. The market cap of PDCO is $4.13 billion. PDCO's next earnings release will be on 0000-00-00, which is days away.