Truist Financial analyst Michael Swartz maintained a Buy rating on Patrick Industries (PATK – Research Report) on October 26 and set a price target of $95.00. The company’s shares closed last Friday at $71.74.
Swartz covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Six Flags, and SeaWorld. According to TipRanks, Swartz has an average return of 17.8% and a 43.85% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Patrick Industries with a $83.67 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $86.87 and a one-year low of $42.97. Currently, Patrick Industries has an average volume of 118.7K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Patrick Industries (PATK) Company Description:
Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lightning products, and other miscellaneous products. The company was founded in 1959 and is headquartered in Elkhart, IN.
Read More on PATK:
- Patrick Industries, Inc. Reports Third Quarter 2023 Financial Results
- Patrick Industries reports Q3 EPS $1.81, consensus $1.75
- Patrick Industries, Inc. (PATK) Q3 Earnings Cheat Sheet
- Patrick Industries price target lowered to $95 from $100 at Truist
- Patrick Industries management to meet with Roth MKM
