Why Patterson Cos. (PDCO) is a Top Momentum Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Patterson Cos. (PDCO)
St. Paul, MN-headquartered Patterson Companies Inc. is a value-added specialty distributor of dental and animal health products in the United States, Canada. It supplies only animal health products in the United Kingdom.
PDCO sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 0.9% and up 1.3% over the past one-week and four-week period, respectively, and Patterson Cos. has gained 16.1% in the last one-year period as well. Additionally, an average of 959,810.19 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for PDCO, while the Zacks Consensus Estimate has increased $0 to $2.50 per share. PDCO also boasts an average earnings surprise of 8.5%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding PDCO to their portfolios.
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Patterson Companies, Inc. (PDCO) : Free Stock Analysis Report
