Analyst Scoreboard: 4 Ratings For Patrick Industries
Portfolio Pulse from Benzinga Insights
Patrick Industries (NASDAQ:PATK) received mixed analyst ratings with 2 bullish and 2 somewhat bullish ratings. The average 12-month price target is $108.75, a 12.5% increase from the previous target. Brett Andress of Keybanc and Michael Swartz of Truist Securities raised their targets, while Swartz also lowered a separate target. The company faces challenges with revenue decline, below-average net margin, ROE, and ROA, but has a healthy debt-to-equity ratio.
January 12, 2024 | 1:00 pm
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NEUTRAL IMPACT
Analysts show mixed sentiments on Patrick Industries with an updated average price target of $108.75. The company struggles with revenue and profitability but maintains a good debt-to-equity ratio.
The mixed analyst ratings and the increase in the average price target suggest a neutral short-term impact on PATK's stock price. The company's financial challenges may temper investor enthusiasm, while the raised price targets could indicate some optimism. The high relevance is due to the direct mention of the company and its financial performance. The importance is significant as analyst ratings can influence investor sentiment, but not at the highest level due to the mixed nature of the ratings. The confidence level is high as the information is based on recent analyst actions and company financials.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100