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 most optimistic 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. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.11 percent. The average change in earnings estimates over the last 90 days is -6.29 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.92 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, 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. Currently the stock is 16.21 percent higher than its low, and below the high by 14.73 percent. PDCO has a P/E 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.