In a report released today, Tim Conder from Wells Fargo maintained a Hold rating on Patrick Industries (PATK), with a price target of $49. The company’s shares closed yesterday at $45.93.
According to TipRanks.com, Conder is a 4-star analyst with an average return of 10.7% and a 66.7% success rate. Conder covers the Consumer Goods sector, focusing on stocks such as MasterCraft Boat Holdings Inc, Brunswick Corporation, and Harley-Davidson.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Patrick Industries with a $52 average price target.
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Patrick Industries’ market cap is currently $1.1B and has a P/E ratio of 9.33. The company has a Price to Book ratio of 2.66.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
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Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the Manufacturing and Distribution segments.
