In a report released yesterday, Rafe Jadrosich from Bank of America Securities reiterated a Sell rating on Patrick Industries (PATK – Research Report), with a price target of $75.00. The company’s shares closed yesterday at $84.59.
According to TipRanks, Jadrosich is ranked #833 out of 8490 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Patrick Industries with a $91.00 average price target.
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The company has a one-year high of $87.36 and a one-year low of $40.92. Currently, Patrick Industries has an average volume of 130.8K.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PATK in relation to earlier this year.
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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 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 price target raised to $81 from $75 at DA Davidson
- Patrick Industries price target raised to $95 from $90 at KeyBanc
- Patrick Industries price target raised to $95 from $80 at Roth MKM
- Patrick Industries price target raised to $95 from $85 at Baird
- Patrick Industries reports Q2 EPS $1.94, consensus $1.83
