Patterson Stock Today

PDCO
 Stock
  

USD 24.71  0.34  1.36%   

Market Performance
0 of 100
Odds Of Distress
Less than 21
Patterson Companies is selling for 24.71 as of the 27th of September 2022. This is a -1.36 percent decrease since the beginning of the trading day. The stock's open price was 25.05. Patterson Companies has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Patterson Companies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of April 2021 and ending today, the 27th of September 2022. Click here to learn more.
Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United Kingdom, and Canada. Patterson Companies, Inc. was founded in 1877 and is headquartered in Saint Paul, Minnesota. Patterson Companies operates under Medical Distribution classification in the United States and is traded on NASDAQ Exchange. The company has 97.5 M outstanding shares of which 5.92 M shares are at this time shorted by private and institutional investors with about 5.72 trading days to cover. More on Patterson Companies

Moving together with Patterson Companies

+0.85HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
Follow Valuation Odds of Bankruptcy
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Patterson Companies Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Patterson Companies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Patterson Companies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Patterson Companies generated a negative expected return over the last 90 days
Patterson Companies currently holds about 145.89 M in cash with (980.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51.
Over 85.0% of the company shares are owned by institutional investors
On 5th of August 2022 Patterson Companies paid $ 0.26 per share dividend to its current shareholders
Latest headline from simplywall.st: We Think Patterson-UTI Energy Has A Fair Chunk Of Debt - Simply Wall St
President CEO, DirectorMark Walchirk
Average Analyst Recommendation
Analysts covering Patterson Companies report their recommendations after researching Patterson Companies' financial statements, talking to executives and customers, or listening in on Patterson Companies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Patterson Companies. The Patterson consensus assessment is calculated by taking the average forecast from all of the analysts covering Patterson Companies.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Patterson Companies' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldUndervalued
Patterson Companies (PDCO) is traded on NASDAQ Exchange in USA and employs 7,700 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 2.46 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Patterson Companies's market, we take the total number of its shares issued and multiply it by Patterson Companies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Patterson Companies conducts business under Healthcare sector and is part of Medical Distribution industry. The entity has 97.5 M outstanding shares of which 5.92 M shares are at this time shorted by private and institutional investors with about 5.72 trading days to cover. Patterson Companies currently holds about 145.89 M in cash with (980.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.51.
Check Patterson Companies Probability Of Bankruptcy
Ownership
Patterson Companies has a total of 97.5 Million outstanding shares. The majority of Patterson Companies outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Patterson Companies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Patterson Companies. Please pay attention to any change in the institutional holdings of Patterson Companies as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

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Patterson Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Patterson Companies jumping above the current price in 90 days from now is about 99.0%. The Patterson Companies probability density function shows the probability of Patterson Companies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Patterson Companies has a beta of 0.769 indicating as returns on the market go up, Patterson Companies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Patterson Companies will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Patterson Companies is significantly underperforming DOW.
  Odds Below 24.71HorizonTargetOdds Above 24.71
1.34%90 days
 24.71 
98.65%
Based on a normal probability distribution, the odds of Patterson Companies to move above the current price in 90 days from now is about 99.0 (This Patterson Companies probability density function shows the probability of Patterson Stock to fall within a particular range of prices over 90 days) .

Patterson Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Patterson Companies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Patterson Companies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Patterson Companies' value.
InstituionSecurity TypeTotal SharesValue
Price T Rowe Associates IncCommon Shares10.7 M325 M
Blackrock IncCommon Shares10.3 M312.5 M
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Patterson Companies Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Patterson Companies market risk premium is the additional return an investor will receive from holding Patterson Companies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Patterson Companies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Patterson Companies' alpha and beta are two of the key measurements used to evaluate Patterson Companies' performance over the market, the standard measures of volatility play an important role as well.

Patterson Stock Against Markets

Picking the right benchmark for Patterson Companies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Patterson Companies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Patterson Companies is critical whether you are bullish or bearish towards Patterson Companies at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Patterson Companies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Patterson Companies Corporate Directors

Patterson Companies corporate directors refer to members of a Patterson Companies board of directors. The board of directors generally takes responsibility for the Patterson Companies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Patterson Companies' board members must vote for the resolution. The Patterson Companies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Alex Blanco - DirectorProfile
Neil Schrimsher - DirectorProfile
Ellen Rudnick - Independent DirectorProfile
Sarena Lin - DirectorProfile

Invested in Patterson Companies?

The danger of trading Patterson Companies is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Patterson Companies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Patterson Companies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Patterson Companies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the Patterson Companies information on this page should be used as a complementary analysis to other Patterson Companies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Patterson Companies price analysis, check to measure Patterson Companies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson Companies is operating at the current time. Most of Patterson Companies' value examination focuses on studying past and present price action to predict the probability of Patterson Companies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Patterson Companies' price. Additionally, you may evaluate how the addition of Patterson Companies to your portfolios can decrease your overall portfolio volatility.
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Is Patterson Companies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine Patterson Companies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.