Patterson Stock Story

PDCO -  USA Stock  

USD 27.77  0.27  0.96%

The predictive indicators we use to evaluate Patterson help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Patterson Companies. We apply different methods to arrive at the intrinsic value of Patterson based on widely used predictive technical indicators. Let's try to outline what's happening with Patterson Companies amid unprecedented political, and economic uncertainty.
Published over a month ago
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Our advice module can be used to complement Patterson Companies recommendation provided by average analyst sentiment. It analyzes the firm's potential to grow using fundamental, technical, data market data available at the time.
The successful prediction of Patterson Companies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Patterson Companies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Patterson Companies based on Patterson Companies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Patterson Companies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Patterson Companies's related companies.

Use Technical Analysis to project Patterson expected Price

Patterson Companies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Patterson Companies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Patterson Companies trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How does Patterson utilize its cash?

To perform a cash flow analysis of Patterson Companies, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Patterson Companies is receiving and how much cash it distributes out in a given period. The Patterson Companies cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Patterson Companies Net Cash Flow from Operations is quite stable at the moment as compared to the past year. The company's current value of Net Cash Flow from Operations is estimated at 139.16 Million

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 4th of October 2021. This event was filed by Patterson Companies Inc with SEC on 2021-10-04. 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.

Is Patterson Companies valued adequately by the market?

Patterson Companies reported the previous year's revenue of 6.28 B. Net Income was 165.57 M with profit before overhead, payroll, taxes, and interest of 1.2 B.
 2015 2019 2020 2021 (projected)
Cost of Revenue4.38 B4.06 B4.67 B4.29 B
Consolidated Income82.88 M187.18 M168.47 M169.78 M

Cost of Revenue Breakdown

Patterson Companies Cost of Revenue yearly trend continues to be quite stable with very little volatility. The value of Cost of Revenue is projected to decrease to about 4.3 B. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Patterson Companies Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 4.29 Billion
20102.15 Billion
20112.85 Billion
20154.38 Billion
20194.06 Billion
20204.67 Billion
20214.29 Billion

Chances of Patterson Companies institutional investors to go insane

The variance is down to 3.01 as of today. Patterson Companies has relatively low volatility with skewness of 0.87 and kurtosis of 2.82. However, we advise all investors to independently investigate Patterson Companies to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. 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 bullying 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 stocks as prices fall.

Patterson Companies Implied Volatility

Patterson Companies' implied volatility exposes the market's sentiment of Patterson Companies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Patterson Companies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Patterson Companies stock will not fluctuate a lot when Patterson Companies' options are near their expiration.

Our Bottom Line On Patterson Companies

Whereas some other companies in the medical distribution industry are either recovering or due for a correction, Patterson may not be as strong as the others in terms of longer-term growth potentials. While some short-term oriented institutional investors may not share our view, we believe it may be a good time to buy new shares of Patterson.

Editorial Staff

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 Vlad Skutelnik 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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