PDCO Stock Summary and Trading Ideas (Patterson Cos | NASDAQ:PDCO)

Patterson Companies Inc is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental, and Patterson Animal Health. The company's segment includes Dental, Animal Health, and Corporate. It generates maximum revenue from the Animal Health segment. Geographically, it derives a majority of its revenue from the United States.

Patterson Cos trades on the NASDAQ stock market under the symbol PDCO.

As of April 23, 2024, PDCO stock price climbed to $25.97 with 379,577 million shares trading.

PDCO has a beta of -0.05, meaning it tends to be less sensitive to market movements. PDCO has a correlation of 0.00 to the broad based SPY ETF.

PDCO has a market cap of $2.49 billion. This is considered a Mid Cap stock.

Last quarter Patterson Cos reported $2 billion in Revenue and $.59 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.01.

In the last 3 years, PDCO stock traded as high as $37.37 and as low as $23.87.

The top ETF exchange traded funds that PDCO belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PDCO has underperformed the market in the last year with a return of -1.5%, while the SPY ETF gained +24.3%. In the last 3 month period, PDCO fell short of the market, returning -13.6%, while SPY returned +4.9%. However, in the most recent 2 weeks PDCO has outperformed the stock market by returning +0.1%, while SPY returned -2.5%.

PDCO support price is $25.55 and resistance is $26.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDCO stock will trade within this expected range on the day.