Patrick Industries Inc (PATK) Stock Forecast & Price Target
Patrick Industries Inc · NASDAQ
$87.78+3.09 (+3.65%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 7 firms covering Patrick Industries Inc, 6 rate it Buy or better, 1 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets span $99.00 to $150.00, a moderate spread. The average target of $123.00 sits 40% above the current $87.78. The rating mix has stayed broadly stable, with Buy-side ratings easing from 7 to 6 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.23 next quarter toward $5.77 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS7 ratings
Strong Buy
Strong Buy00%
Buy686%
Hold114%
Sell00%
Strong Sell00%
Based on 7 analysts giving stock ratings to Patrick Industries Inc.
As of Jul, 6 of 7 firms rate PATK a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
PATK EPS & revenue forecast
EPS · NEXT QUARTER
$1.23
Range $1.04 – $1.35 · 10 analysts · +22% YoY
Next period, 10 analysts expect Patrick Industries Inc to earn $1.23 a share (range $1.04 – $1.35), versus $1.01 a year earlier. Full-year consensus is $4.68, growing to $5.77 the year after.
REVENUE · NEXT QUARTER
$1.0B
Range $973.7M – $1.0B · 10 analysts · +3% YoY
Revenue is expected to reach $1.0B (range $973.7M – $1.0B), +3.2% year-over-year. Full-year consensus is $4.0B, rising to $4.2B next year.
Top analysts covering Patrick Industries Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on PATK.
#1
Michael Swartz
Truist Securities · Rank #363
Buy
$114.00+29.9% to target
Overall win rate
24%
+ Follow
#2
NZ
Noah Zatzkin
Keybanc
Buy
$125.00+42.4% to target
Coverage
—
+ Follow
#3
MA
Michael Albanese
Benchmark
Buy
$135.00+53.8% to target
Coverage
—
+ Follow
#4
CK
Craig Kennison
Baird
Hold
$110.00+25.3% to target
Coverage
—
+ Follow
#5
Joseph Altobello
Raymond James
Buy
$108.00+23.0% to target
Coverage
—
+ Follow
PATK stock forecast FAQ
What is PATK's average 12-month price target?+
The 7 analysts with a live target average $123.00 for Patrick Industries Inc over the next 12 months, ranging from a $150.00 high to a $99.00 low.
Is PATK stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 7 analyst ratings, 6 are Buy or Strong Buy, 1 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for PATK?+
The Street-high target is $150.00 (BMO Capital), and the Street-low is $99.00 (Loop Capital). The average of all 7 active targets is $123.00.
How many Wall Street analysts cover PATK?+
7 analysts have an active rating on Patrick Industries Inc, and 7 firms carry a live 12-month price target.
Who is the most accurate analyst covering PATK?+
Among analysts who currently cover PATK, Michael Swartz of Truist Securities has the strongest overall Quantellect track record (Rank #363). Their current call is Buy with a $114.00 target.
What is Patrick Industries Inc's projected EPS for next quarter?+
The consensus estimate is $1.23 per share (range $1.04 – $1.35) across 10 analysts. Full-year EPS is projected at $4.68, rising to $5.77 the following year.
How much revenue is Patrick Industries Inc expected to report next quarter?+
Consensus revenue is $1.0B (range $973.7M – $1.0B). Full-year revenue is projected at $4.0B, growing to $4.2B next year.
Have analysts been upgrading or downgrading PATK lately?+
As of Jul, 6 of 7 firms rate PATK a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their PATK calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
