Key Takeaways:
- Patterson Companies (PDCO, Financial) experiences a 1.1% rise in after-hours trading amidst Nasdaq delisting news.
- Analysts set an average one-year price target of $30.28 for PDCO, suggesting a slight downside.
- GuruFocus forecasts a potential upside of 4.08% based on the calculated GF Value.
Patterson Companies (PDCO) saw a noteworthy 1.1% increase in after-hours trading. This uptick occurred in response to a Nasdaq delisting notice, a result of its pending acquisition by Patient Square Capital. Although the $2.35 billion debt financing issue initially delayed the transaction, it is anticipated that the acquisition will finalize before the market opens on Thursday, with trading slated to halt on Wednesday.
Wall Street Analysts Forecast
The current one-year price targets offered by a group of 10 analysts position the average target price for Patterson Companies Inc (PDCO, Financial) at $30.28. This estimate includes a high of $31.35 and a low of $24.00. These predictions suggest a potential downside of 2.05% from the current trading price of $30.91. For more in-depth estimate data, visit the Patterson Companies Inc (PDCO) Forecast page.
Delving into consensus recommendations from 13 brokerage firms, Patterson Companies Inc (PDCO, Financial) holds an average brokerage recommendation of 2.8, aligning with a "Hold" status. The brokerage recommendation scale ranges from 1 to 5, where 1 translates to Strong Buy, and 5 corresponds to Sell.
Furthermore, according to GuruFocus estimates, the projected GF Value for Patterson Companies Inc (PDCO, Financial) in the coming year is projected at $32.17. This signals a potential upside of 4.08% from the present price of $30.91. The GF Value represents GuruFocus' calculation of the fair trading value for the stock, derived from analyzing historical trading multiples, previous business growth, and future business performance estimates. For further detailed insights, please refer to the Patterson Companies Inc (PDCO) Summary page.
