Patterson Story

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PDCO -- USA Stock  

USD 24.28  0.71  3.01%

Patterson Companies Long Term Debt to Equity is quite stable at the moment as compared to the past year. The company's current value of Long Term Debt to Equity is estimated at 0.74. PPandE Turnover is expected to rise to 20.23 this year, although the value of Net Income Per Employee is projected to rise to (26 K). The underlying goal of this short thesis is to outline Patterson as an investment oportunity for October. We will inspect why recent Patterson Companies price moves suggest a bounce in October.
Published over three weeks ago
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Are Patterson (NASDAQ:PDCO) institutional investors starting to hold back?
On a scale of 0 to 100, Patterson Companies holds a performance score of 9. The company holds a Beta of -0.0465, which implies not very significant fluctuations relative to the market. Let's try to break down what Patterson's beta means in this case. As returns on the market increase, returns on owning Patterson Companies are expected to decrease at a much lower rate. During the bear market, Patterson Companies is likely to outperform the market. Although it is vital to follow Patterson Companies current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Patterson Companies technical indicators, you can presently evaluate if the expected return of 0.4% will be sustainable into the future. Please employ Patterson Companies skewness, and the relationship between the potential upside and rate of daily change to make a quick decision on whether Patterson Companies historical price patterns will revert.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Patterson Companies. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Patterson Companies


How important is Patterson Companies's Liquidity

Patterson Companies financial leverage refers to using borrowed capital as a funding source to finance Patterson Companies ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Patterson Companies financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Patterson Companies's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Patterson Companies, but it might be worth checking our own buy vs. sell analysis

Patterson Companies exotic insider transaction detected

Legal trades by Patterson Companies insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Patterson insider trading alert for general transaction of employee stock options by Kevin Pohlman, President - Animal Health, on 22nd of September 2020. This event was filed by Patterson Companies Inc with SEC on 2020-09-22. Statement of changes in beneficial ownership - SEC Form 4. Kevin Pohlman currently serves as interim president - patterson animal health of Patterson Companies [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

What is driving Patterson Companies Investor Appetite?

Patterson Companies currently demonstrates below-verage downside deviation. It has Information Ratio of 0.14 and Jensen Alpha of 0.59. However, we do advice investors to further question Patterson Companies expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Returns Breakdown

Return on Investment(8.79)
Return on Assets(7.3)
Return on Equity(20.13)
Return Capital0.15
Return on Sales0.0681

Patterson Companies to retake control in October

Patterson Companies latest mean deviation surges over 2.06. Patterson Companies currently demonstrates below-verage downside deviation. It has Information Ratio of 0.14 and Jensen Alpha of 0.59. However, we do advice investors to further question Patterson Companies expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

The Current Takeaway on Patterson Companies Investment

Whereas other entities under the medical distribution industry are still a bit expensive, Patterson Companies may offer a potential longer-term growth to institutional investors. While some institutional investors may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Patterson Companies.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Patterson Companies. Please refer to our Terms of Use for any information regarding our disclosure principles.

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