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.
Many analysts weighed in on price targets for PDCO. The most optimistic analyst gave a price target of 53, which equates to a potential upside of 25.09 percent. The most pessimistic analyst gave a price target of 38, implying potential capital losses of -10.31 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. 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. Over the past month, 0 analysts increased their quarterly estimates, 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, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of PDCO's earnings is estimated by analysts to be 27.74 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of PDCO is 0.85.
In the last 52-weeks, PDCO has achieved a high of 49.69 and a low of 36.46. Currently the stock is 16.21 percent higher than its low, and 14.73 percent lower than its 52-week high. 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.