Patterson Companies Stock Buy Hold or Sell Recommendation

PDCO Stock  USD 27.65  0.14  0.50%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Patterson Companies is 'Hold'. Macroaxis provides Patterson Companies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding PDCO positions. The advice algorithm takes into account all of Patterson Companies' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Patterson Companies' buy or sell advice are summarized below:
Real Value
28.1
Target Price
35.11
Hype Value
27.65
Market Value
27.65
Naive Value
27.74
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Patterson Companies given historical horizon and risk tolerance towards Patterson Companies. When Macroaxis issues a 'buy' or 'sell' recommendation for Patterson Companies, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Patterson Companies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.
In addition, we conduct extensive research on individual companies such as Patterson and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Patterson Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

Execute Patterson Companies Buy or Sell Advice

The Patterson recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Patterson Companies. Macroaxis does not own or have any residual interests in Patterson Companies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Patterson Companies' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Patterson CompaniesBuy Patterson Companies
Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Responds to the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Patterson Companies has a Risk Adjusted Performance of 0.0038, Jensen Alpha of (0.19), Total Risk Alpha of (0.37) and Treynor Ratio of (0.01)
Our recommendation module complements current analysts and expert consensus on Patterson Companies. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time. To make sure Patterson Companies is not overpriced, please check all Patterson Companies fundamentals, including its gross profit, book value per share, market capitalization, as well as the relationship between the cash per share and price to earnings to growth . Given that Patterson Companies has a price to book of 2.55 X, we recommend you to check out Patterson Companies market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Patterson Companies Trading Alerts and Improvement Suggestions

Patterson Companies generated a negative expected return over the last 90 days
Patterson Companies currently holds about 153.23 M in cash with (754.85 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.58.
Over 89.0% of the company shares are owned by institutional investors
On 2nd of February 2024 Patterson Companies paid $ 0.26 per share dividend to its current shareholders
Latest headline from benzinga.com: Wall Streets Most Accurate Analysts Views On 3 Health Care Stocks Delivering High-Dividend Yields

Patterson Companies Returns Distribution Density

The distribution of Patterson Companies' historical returns is an attempt to chart the uncertainty of Patterson Companies' future price movements. The chart of the probability distribution of Patterson Companies daily returns describes the distribution of returns around its average expected value. We use Patterson Companies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Patterson Companies returns is essential to provide solid investment advice for Patterson Companies.
Mean Return
-0.0076
Value At Risk
-2.04
Potential Upside
2.77
Standard Deviation
1.58
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Patterson Companies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Patterson Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Patterson Companies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Patterson Companies backward and forwards among themselves. Patterson Companies' institutional investor refers to the entity that pools money to purchase Patterson Companies' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Bank Of America Corp2023-12-31
1.6 M
Brown Advisory Holdings Inc2023-12-31
1.5 M
Northern Trust Corp2023-12-31
1.5 M
Bank Of New York Mellon Corp2023-12-31
1.4 M
Neuberger Berman Group Llc2023-12-31
1.3 M
Victory Capital Management Inc.2023-12-31
M
Sasco Capital Inc2023-12-31
M
Lsv Asset Management2023-12-31
928.4 K
Norges Bank2023-12-31
919.6 K
Blackrock Inc2023-12-31
10.7 M
Vanguard Group Inc2023-12-31
9.3 M
Note, although Patterson Companies' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Patterson Companies Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory(59.3M)91.2M(53.9M)(11.1M)(10.0M)(10.5M)
Change In Cash(17.7M)65.3M(1.2M)17.7M15.9M16.7M
Free Cash Flow(285.4M)(756.3M)(1.0B)(819.1M)(737.2M)(700.3M)
Depreciation82.2M78.9M82.0M83.7M96.3M101.1M
Other Non Cash Items(540.9M)1.3M(74.7M)2.6M2.4M2.5M
Dividends Paid100.4M75.2M101.1M101.3M116.5M63.5M
Capital Expenditures41.8M25.8M38.3M64.2M73.9M77.5M
Net Income(589.4M)155.1M201.7M206.6M237.6M121.4M
End Period Cash Flow77.9M143.2M142.0M159.7M183.6M186.4M
Change Receivables53.8M(922.5M)(1.1B)(1.0B)(942.4M)(895.2M)
Change To Netincome657.3M23.6M(81.4M)17.7M20.3M19.3M
Net Borrowings(164.1M)53M(124.8M)14.5M13.1M12.4M
Investments499.1M810.7M75.9M901.6M1.0B1.1B

Patterson Companies Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Patterson Companies or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Patterson Companies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Patterson stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.19
β
Beta against NYSE Composite1.35
σ
Overall volatility
1.64
Ir
Information ratio -0.09

Patterson Companies Volatility Alert

Patterson Companies exhibits very low volatility with skewness of -1.42 and kurtosis of 6.53. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Patterson Companies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Patterson Companies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Patterson Companies Fundamentals Vs Peers

Comparing Patterson Companies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Patterson Companies' direct or indirect competition across all of the common fundamentals between Patterson Companies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Patterson Companies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Patterson Companies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Patterson Companies by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Patterson Companies to competition
FundamentalsPatterson CompaniesPeer Average
Return On Equity0.19-0.31
Return On Asset0.0596-0.14
Profit Margin0.03 %(1.27) %
Operating Margin0.05 %(5.51) %
Current Valuation3.25 B16.62 B
Shares Outstanding89.59 M571.82 M
Shares Owned By Insiders11.37 %10.09 %
Shares Owned By Institutions89.16 %39.21 %
Number Of Shares Shorted3.04 M4.71 M
Price To Earning13.85 X28.72 X
Price To Book2.55 X9.51 X
Price To Sales0.38 X11.42 X
Revenue6.47 B9.43 B
Gross Profit1.37 B27.38 B
EBITDA387.5 M3.9 B
Net Income206.6 M570.98 M
Cash And Equivalents153.23 M2.7 B
Cash Per Share1.58 X5.01 X
Total Debt628 M5.32 B
Debt To Equity0.70 %48.70 %
Current Ratio1.63 X2.16 X
Book Value Per Share10.78 X1.93 K
Cash Flow From Operations(754.85 M)971.22 M
Short Ratio3.18 X4.00 X
Earnings Per Share2.03 X3.12 X
Price To Earnings To Growth2.10 X4.89 X
Target Price29.8
Number Of Employees7.6 K18.84 K
Beta1.04-0.15
Market Capitalization2.48 B19.03 B
Total Asset2.88 B29.47 B
Retained Earnings972.13 M9.33 B
Working Capital697.8 M1.48 B
Note: Payment of 5748 shares by Donald Zurbay of Patterson Companies subject to Rule 16b-3 [view details]

Patterson Companies Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Patterson . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Patterson Companies Buy or Sell Advice

When is the right time to buy or sell Patterson Companies? Buying financial instruments such as Patterson Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total590.2M628.0M722.2M482.2M
Total Assets2.7B2.9B3.3B1.9B

Use Investing Ideas to Build Portfolios

In addition to having Patterson Companies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Penny
Penny Theme
Solid stocks, funds or ETFs with below average market capitalization and typicl daily price below 2. The Penny theme has 55 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Penny Theme or any other thematic opportunities.
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When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock:
Check out Patterson Companies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.
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 the Global Correlations module to find global opportunities by holding instruments from different markets.

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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.
Quarterly Earnings Growth
(0.06)
Dividend Share
1.04
Earnings Share
2.03
Revenue Per Share
69.215
Quarterly Revenue Growth
0.01
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 if Patterson Companies is a good investment 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.