
Patrick Industries (PATK) Stock Forecast & Price Target
Patrick Industries (PATK) Analyst Ratings
Bulls say
Patrick Industries Inc is forecasted to achieve earnings per share (EPS) of $5.29 and $6.58 over the next two years, indicating a significant projected increase of 28%. The company has successfully navigated downturns in its end markets, positioning itself to capitalize on improving consumer confidence and a potential restocking opportunity, which is supported by a 12% year-over-year increase in housing revenue linked to unit shipments. Additionally, Patrick Industries has demonstrated a robust financial performance, with a forecasted increase of 300 basis points in adjusted EBITDA margins, reaching 12.5%, further enhancing its earnings potential.
Bears say
Patrick Industries, Inc. faces a challenging financial outlook primarily due to a projected slowdown in growth within its end-markets, which is likely to adversely affect revenue and earnings. Additionally, the company's revenue concentration within a small number of RV OEM customers increases vulnerability to fluctuations in demand from these customers. Furthermore, a highly leveraged balance sheet could hinder potential mergers and acquisitions, limiting strategic opportunities for growth and diversification.
This aggregate rating is based on analysts' research of Patrick Industries and is not a guaranteed prediction by Public.com or investment advice.
Patrick Industries (PATK) Analyst Forecast & Price Prediction
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