Patterson Companies Inc. (PDCO) Stock Forecast & Predictions

Patterson Companies Inc. PDCO: $36.63

1031 Mendota Heights Rd, Saint Paul, Minnesota, US. | Sector: Wholesale Trade | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: www.pattersoncompanies.com

  • Market Cap$3.54B
  • Change (52 Weeks)113.81%
  • Low (52 Weeks)$16.5
  • Patterson Companies Inc. (PDCO) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Patterson Companies Inc. (PDCO) stock price is $36.63 and the 52 weeks low is $16.5, which means the Patterson Companies Inc. stock price is up 113.81% in the last 12 months.

    Patterson Companies Inc. (PDCO) Stock Price has been Trending Strongly with an ADX reading of 29.90 as per the Weekly Chart.

    A Upward trend indicates that Patterson Companies Inc. (PDCO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that PDCO Stock price might rise further, 18.75% indicating that PDCO Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall PDCO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Patterson Companies Inc. (PDCO) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Patterson Companies Inc. (PDCO) is based on 22 Institutional Analyst Ratings where 22.73% are on Strong Buy, 13.64% on Moderate Buy, 59.09% remains on Hold, 0.00% are on Moderate Sell and 4.55% are on Strong Sell.

    Out of 22 Institutional Analysts, majority recommended PDCO stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Patterson Companies Inc..

    Patterson Companies Inc. (PDCO) Stock Price Prediction By Analysts


    HighLowAverage
    $43.05$27.27$34.34
    $34.346.25% Downside
    Updated: 2021-05-25 00:00:00

    The Average Price target for PDCO set by the institutional analysts is $34.34 where High Estimate is $43.05, Median $34.68 and Low $27.27.

    The average price target for PDCO by Institutional Analysts is $34.34, which is 6.25% Downside from the current price. So according to the Institutional Analysts, PDCO Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Patterson Companies Inc. (PDCO) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 427,502 investor portfolio.

    Our algorithm has analysed 427,502 investor portfolio with PDCO stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about PDCO and holding their positions hoping for a further rise in the stock price and more profit.

    Patterson Companies Inc. (PDCO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    B of A SecuritiesBuyMaintained
    B of A SecuritiesBuyMaintained
    B of A SecuritiesBuyMaintained
    B of A SecuritiesBuyMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    JP MorganNeutralMaintained
    Goldman SachsNeutralUpgraded
    JP MorganNeutralMaintained
    Goldman SachsNeutralUpgraded
    JP MorganNeutralUpgraded
    BairdNeutralMaintained
    JP MorganNeutralUpgraded
    BairdNeutralMaintained
    B of A SecuritiesNeutralUpgraded
    B of A SecuritiesNeutralUpgraded
    GuggenheimBuyUpgraded
    GuggenheimBuyUpgraded
    JP MorganUnderweightMaintained
    BairdNeutralMaintained
    JP MorganUnderweightMaintained
    BairdNeutralMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    BarclaysUnderweightMaintained
    BarclaysUnderweightMaintained
    JP MorganUnderweightMaintained
    JP MorganUnderweightMaintained
    GuggenheimNeutralInitiated
    GuggenheimNeutralInitiated
    UBSNeutralInitiated
    UBSNeutralInitiated
    Evercore ISI GroupIn-LineUpgraded
    Evercore ISI GroupIn-LineUpgraded
    Morgan StanleyUnderweightMaintained
    BarclaysUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    BarclaysUnderweightMaintained
    Leerink SwannMarket PerformInitiated
    Leerink SwannMarket PerformInitiated
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    Stifel NicolausHoldMaintained
    Stifel NicolausHoldMaintained
    JP MorganUnderweightMaintained
    JP MorganUnderweightMaintained
    Bank of AmericaUnderperformMaintained
    Bank of AmericaUnderperformMaintained
    Craig-HallumBuyUpgraded
    Craig-HallumBuyUpgraded
    BarclaysUnderweightInitiated
    BarclaysUnderweightInitiated
    JP MorganUnderweightMaintained
    JP MorganUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    Morgan StanleyUnderweightMaintained
    JP MorganUnderweightMaintained
    JP MorganUnderweightDowngraded
    JP MorganUnderweightDowngraded
    Evercore ISI GroupIn-LineInitiated
    Evercore ISI GroupIn-LineInitiated
    Deutsche BankHoldInitiated
    Deutsche BankHoldInitiated
    Morgan StanleyUnderweightDowngraded
    Morgan StanleyUnderweightDowngraded
    Stifel NicolausHoldUpgraded
    Stifel NicolausHoldUpgraded
    PiperJaffrayNeutralInitiated
    PiperJaffrayNeutralInitiated
    Morgan StanleyEqual-WeightInitiated
    Morgan StanleyEqual-WeightInitiated
    RBC CapitalSector PerformInitiated
    RBC CapitalSector PerformInitiated
    UBSSellDowngraded
    UBSSellDowngraded
    Stifel NicolausSellDowngraded
    Stifel NicolausSellDowngraded
    Craig-HallumHoldInitiated
    Craig-HallumHoldInitiated
    Deutsche BankHoldInitiated
    Deutsche BankHoldInitiated
    BairdOutperformUpgraded
    BairdOutperformUpgraded
    JefferiesHoldMaintained
    JefferiesHoldMaintained
    UBSNeutralInitiated
    UBSNeutralInitiated
    BairdNeutralMaintained
    BairdNeutralMaintained
    Evercore ISI GroupHoldDowngraded
    Evercore ISI GroupHoldDowngraded
    Credit SuisseOutperformInitiated
    Credit SuisseOutperformInitiated
    UBSBuyUpgraded
    UBSBuyUpgraded
    Evercore ISI GroupBuyUpgraded
    Evercore ISI GroupBuyUpgraded
    PiperJaffrayOverweightUpgraded
    PiperJaffrayOverweightUpgraded
    Bank of AmericaBuyMaintained
    Bank of AmericaBuyMaintained
    Credit SuisseUnderperformMaintained
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    Credit SuisseUnderperformMaintained
    Northcoast ResearchBuyUpgraded
    Northcoast ResearchBuyUpgraded
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    Bank of AmericaBuyMaintained
    Bank of AmericaBuyMaintained
    JP MorganNeutralMaintained
    JP MorganNeutralMaintained
    Stifel NicolausHoldDowngraded
    Stifel NicolausHoldDowngraded
    UBSNeutralDowngraded
    UBSNeutralDowngraded
    ISI GroupNeutralUpgraded
    ISI GroupNeutralUpgraded
    Wells FargoMarket PerformInitiated
    Wells FargoMarket PerformInitiated
    Barrington ResearchMarket PerformDowngraded
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    Barrington ResearchMarket PerformDowngraded
    ISI GroupCautiousUpgraded
    ISI GroupCautiousUpgraded
    PiperJaffrayNeutralDowngraded
    PiperJaffrayNeutralDowngraded
    UBSBuyUpgraded
    UBSBuyUpgraded
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyMaintained
    Bank of AmericaBuyMaintained
    Goldman SachsSellDowngraded
    Goldman SachsSellDowngraded
    Stifel NicolausBuyInitiated
    Stifel NicolausBuyInitiated
    ISI GroupUnderweightInitiated
    ISI GroupUnderweightInitiated
    PiperJaffrayOverweightInitiated
    PiperJaffrayOverweightInitiated
    Barrington ResearchOutperformMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    UBSNeutralMaintained
    JefferiesHoldMaintained
    Barrington ResearchOutperformMaintained

    Patterson Companies Inc. (PDCO) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.434
    The average consensus EPS for PDCO is $0.434 with a high estimate of $0.493 and Low of $0.343 for the period 2021-09-30 and based on 14 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $$0.52532021-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.52515722022-03-31
    $$0.52532021-12-31
    $0.58$0.5886422021-09-30
    $0.63$0.38803862021-06-30
    $0.33$0.239332799999999982021-03-31
    $0.43$0.15741662020-12-31
    $0.47$0.37206542020-09-30
    $0.39$0.350879999999999972020-06-30
    $0.27$0.24844142020-03-31
    $0.37$0.40242062019-12-31
    $0.38$0.39099662019-09-30
    $0.39$0.373391400000000042019-06-30
    $0.26$0.35040062019-03-31
    $0.3$0.30715262018-12-31
    $0.43$0.52686062018-09-30
    $0.51$0.54960660000000012018-06-30
    $0.44$0.444067200000000052018-03-31
    $0.69$0.65747162017-12-31
    $0.58$0.58538822017-09-30
    $0.56$0.61644722017-06-30
    $0.51$0.5182622017-03-31
    $0.77$0.768062016-12-31
    $0.68$0.68034000000000012016-09-30
    $0.56$0.60758342016-06-30
    $0.47$0.55339080000000012016-03-31
    $0.68$0.66261242015-12-31
    $0.55$0.60439082015-09-30
    $0.54$0.51879239999999992015-06-30
    $0.5$0.50558342015-03-31
    $0.61$0.67041542014-12-31
    $0.57$0.58069622014-09-30
    $0.48$0.48151142014-06-30
    $0.46$0.490824000000000042014-03-31
    $0.62$0.63304262013-12-31
    $0.52$0.52971662013-09-30
    $0.44$0.49431242013-06-30
    $0.47$0.49615862013-03-31
    $0.58$0.57411722012-12-31
    $0.5$0.51272339999999992012-09-30
    $0.43$0.4731272012-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).