Patterson Companies Stock Target Price and Analyst Consensus

PDCO
 Stock
  

USD 29.30  0.57  1.98%   

The current analyst and expert consensus on Patterson Companies is Hold with 4 hold recommendations. The current projected Patterson Companies target price consensus is 35.5 with 6 analyst opinions. One of the most common ways Patterson Companies analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Patterson Companies vendors, executives, and/or customers. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Patterson Companies. We strongly encourage you to use your own analysis of Patterson Companies to validate this buy or sell advice. Patterson Companies recommendation module provides expert sentiment on the projected Patterson Companies target price to derive its highest and lowest estimates based on target price standard deviation of 3.271. Please check Macroaxis Advice on Patterson Companies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
  
Profit Margin is expected to rise to 3.50 this year, although the value of Gross Profit will most likely fall to about 1.5 B. Patterson Companies Receivables is quite stable at the moment as compared to the past year. The company's current value of Receivables is estimated at 477.81 Million. Cash and Equivalents is expected to rise to about 216.1 M this year, although the value of Inventories will most likely fall to about 656.6 M.

Patterson Companies Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Patterson target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts performance other than comparing it to the past results via a very sophisticated attribution analysis. Patterson target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions6
Lowered Outlook0
Raized Outlook0
Hold
Most Patterson analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Patterson stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Patterson Companies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Patterson Companies Target Price Projection

Patterson Companies' current and average target prices are 29.30 and 35.50, respectively. The current price of Patterson Companies is the price at which Patterson Companies is currently trading. On the other hand, Patterson Companies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Patterson Companies Market Quote on 3rd of December 2022

Low Price28.41Odds
High Price29.64Odds

29.3

Target Price

Analyst Consensus On Patterson Companies Target Price

Low Estimate32.0Odds
High Estimate41.0Odds
Number of Analysts6
Standard Deviation3.271

35.5

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Patterson Companies and the information provided on this page.

Patterson Companies Analyst Ratings

Patterson Companies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Patterson Companies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Patterson Companies' financials, market performance, and future outlook by experienced professionals. Patterson Companies' historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

About Patterson Companies Target Price Projections

Patterson Companies's target price is an analyst's projection of its future price. Price targets can be assigned to all types of securities, from complex investment products to stocks such as Patterson Companies and even bonds. If the target price is unavailable, it is most likely because there were not enough analyst opinions to come up with a consensus estimate. When setting a price target estimate, an analyst is trying to determine what the Stock is worth and where the price will be in a year from now. Generally, the target price of Patterson depends on its intrinsic valuation, beta (i.e., risk over market), and overall volatility. Most analysts publish their price targets in research reports on specific companies, along with their buy, hold, or sell recommendations. Stock price targets are often quoted in the financial news media. Macroaxis uses multiple feeds to provide overall target price projection for Patterson Companies including analysis of its current option contracts.
Patterson Companies' latest option contracts expiring on 2022-12-16 are carrying combined implied volatility of 13.22 with a put-to-call open interest ratio of 1.48 over 48 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2022-12-16. The current put volume is at 90, with calls trading at the volume of 22. This yields a 4.09 put-to-call volume ratio. The Patterson Companies option chain provides detailed quote and price information for the current Patterson Companies option contracts. It shows all of Patterson Companies' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-12-16 Option Contracts

Patterson Companies option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Patterson Companies' lending market. For example, when Patterson Companies' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Patterson Companies, he or she must hedge the risk by shorting Patterson Companies stock over its option's life.
The chart above shows Patterson Companies' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Patterson Companies' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Patterson Companies' option, there is no secondary market available for investors to trade.

Patterson Companies Maximum Pain Price across 2022-12-16 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Patterson Companies close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Patterson Companies' stock options are financial instruments that give investors the right to buy or sell shares of Patterson Companies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Patterson stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Patterson Companies' stock price goes up or down, the stock options follow.
Please check Macroaxis Advice on Patterson Companies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.

Patterson Companies In The Money Call Balance

When Patterson Companies' strike price is surpassing the current stock price, the option contract against Patterson Companies stock is said to be in the money. When it comes to buying Patterson Companies' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Patterson Companies are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Patterson Current Options Market Mood

Patterson Companies' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Patterson Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Patterson Companies' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Patterson Companies' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Patterson Companies' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Additional Patterson Companies Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Patterson Companies is a key component of Patterson Companies valuation and have some predictive power on the future returns of a Patterson Companies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Patterson Companies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Patterson Companies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.0529.1731.29
Details
Intrinsic
Valuation
LowReal ValueHigh
26.3731.6933.81
Details
Earnings
Estimates (6)
LowProjected EPSHigh
2.062.082.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Patterson Companies. Your research has to be compared to or analyzed against Patterson Companies' peers to derive any actionable benefits. When done correctly, Patterson Companies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Patterson Companies.

Additional Patterson Companies Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Patterson Companies is a key component of Patterson Companies valuation and have some predictive power on the future returns of a Patterson Companies.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Patterson Companies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Patterson Companies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
27.0529.1731.29
Details
Intrinsic
Valuation
LowReal ValueHigh
26.3731.6933.81
Details
Earnings
Estimates (6)
LowProjected EPSHigh
2.062.082.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Patterson Companies. Your research has to be compared to or analyzed against Patterson Companies' peers to derive any actionable benefits. When done correctly, Patterson Companies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Patterson Companies.

Trending Themes

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Please check Macroaxis Advice on Patterson Companies to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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The data published in Patterson Companies' official financial statements usually reflect Patterson Companies' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Patterson Companies. For example, before you start analyzing numbers published by Patterson accountants, it's critical to develop an understanding of what Patterson Companies' liquidity, profitability, and earnings quality are in the context of the Health Care Providers & Services space in which it operates.
Please note, the presentation of Patterson Companies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Patterson Companies' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Patterson Companies' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Patterson Companies. Please utilize our Beneish M Score to check the likelihood of Patterson Companies' management to manipulate its earnings.