Patrick Industries - PATK Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $65.67
  • Forecasted Upside: 16.45 %
  • Number of Analysts: 6
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$56.39
▼ -0.25 (-0.44%)

This chart shows the closing price for PATK by one month, three months, or twelve months.

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Analyst Price Target for PATK

Analyst Price Target is $65.67
▲ +16.45% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Patrick Industries in the last 3 months. The average price target is $65.67, with a high forecast of $75.00 and a low forecast of $60.00. The average price target represents a 16.45% upside from the last price of $56.39.

This chart shows the closing price for PATK for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 6 contributing investment analysts is to buy stock in Patrick Industries. This rating has held steady since October 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
6/17/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
9/15/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
12/14/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
3/14/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 1 sell ratings
6/12/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 1 sell ratings
9/10/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
11/9/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
12/9/2022

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
10/28/2022Robert W. BairdLower TargetOutperform$90.00 ➝ $75.00Low
10/5/2022Truist FinancialLower TargetBuy$65.00 ➝ $60.00Low
10/3/2022MKM PartnersLower TargetBuy$86.00 ➝ $66.00Low
9/23/2022Truist FinancialLower TargetBuy$80.00 ➝ $65.00Low
8/26/2022DA DavidsonInitiated CoverageNeutral$65.00Low
8/1/2022KeyCorpBoost TargetOverweight$65.00 ➝ $68.00Low
7/19/2022KeyCorpSet Target$65.00Low
5/26/2022Truist FinancialLower Target$75.00Low
5/5/2022MKM PartnersInitiated CoverageBuy$93.00High
4/12/2022Truist FinancialInitiated CoverageBuy$75.00Low
4/4/2022Bank of AmericaInitiated CoverageUnderperform$60.00High
10/25/2021KeyCorpLower TargetOverweight$102.00 ➝ $90.00Low
7/2/2021Robert W. BairdReiterated RatingBuy$104.00Medium
4/30/2021Robert W. BairdBoost TargetPositive ➝ Outperform$88.00 ➝ $104.00High
8/17/2020Wells Fargo & CompanyBoost TargetEqual Weight$55.00 ➝ $70.00High
7/31/2020KeyCorpBoost TargetOverweight$75.00 ➝ $77.00High
7/31/2020Bank of AmericaUpgradeNeutral ➝ Buy$74.00 ➝ $88.00High
7/16/2020Bank of AmericaUpgradeUnderperform ➝ Neutral$34.00 ➝ $74.00Low
6/10/2020KeyCorpBoost TargetOverweight$47.00 ➝ $75.00Medium
5/21/2020SidotiBoost TargetBuy$51.00 ➝ $59.00Low
5/6/2020Wells Fargo & CompanyBoost TargetEqual Weight$33.00 ➝ $42.00Low
5/4/2020KeyCorpBoost TargetOverweight$45.00 ➝ $47.00High
4/14/2020KeyCorpLower TargetOverweight$55.00 ➝ $45.00Low
4/8/2020Wells Fargo & CompanyReiterated RatingHoldHigh
3/26/2020SidotiLower TargetBuy$74.00 ➝ $53.00Low
2/14/2020KeyCorpBoost TargetOverweight$60.00 ➝ $75.00High
10/25/2019Robert W. BairdBoost TargetOutperform$46.00 ➝ $54.00High
9/4/2019Bank of AmericaLower TargetUnderperform$51.00 ➝ $36.00High
4/26/2019Bank of AmericaDowngradeBuy ➝ Underperform$52.00Low
4/15/2019KeyCorpBoost TargetOverweight ➝ Overweight$55.00 ➝ $60.00High
3/26/2019Bank of AmericaInitiated CoverageBuy ➝ Buy$53.00Medium
2/27/2019Wells Fargo & CompanyBoost TargetMarket Perform ➝ Market Perform$30.00 ➝ $49.00Low
2/19/2019KeyCorpBoost TargetOutperform$50.00 ➝ $55.00Low
12/18/2018Wells Fargo & CompanyLower TargetMarket Perform$67.00 ➝ $30.00Medium
10/23/2018SidotiLower TargetBuy ➝ Buy$90.00 ➝ $81.00Low
4/10/2018Wells Fargo & CompanyLower TargetMarket Perform ➝ Market Perform$75.00 ➝ $66.00High
3/15/2018Bank of AmericaBoost TargetBuy ➝ Buy$82.00 ➝ $85.00Low
2/16/2018Robert W. BairdReiterated RatingBuyLow
1/24/2018Bank of AmericaBoost TargetBuy ➝ Buy$75.00 ➝ $80.00Low
12/22/2017Robert W. BairdReiterated RatingBuy$72.00Low
12/15/2017KeyCorpInitiated CoverageOverweight ➝ Overweight$80.00High
12/14/2017Wells Fargo & CompanyReiterated RatingMarket Perform$90.00 ➝ $66.00Medium
(Data available from 12/10/2017 forward)

News Sentiment Rating

0.82 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 6 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/14/2022
  • 5 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/13/2022
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/13/2022
  • 3 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/12/2022
  • 2 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/11/2022
  • 1 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/11/2022
  • 3 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
11/10/2022
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/10/2022

Current Sentiment

  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Patrick Industries logo
Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum product; fiberglass and plastic components; RV painting; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinet; polymer-based flooring product; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat covers, tower, top, and frame; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite part, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, marine accessories, wiring product, electrical and plumbing product, fiber reinforced polyester product; cement siding product, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other products. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
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Today's Range

Now: $56.39
Low: $56.10
High: $57.71

50 Day Range

MA: $49.92
Low: $43.09
High: $57.76

52 Week Range

Now: $56.39
Low: $41.75
High: $83.19

Volume

167,596 shs

Average Volume

213,839 shs

Market Capitalization

$1.28 billion

P/E Ratio

3.92

Dividend Yield

3.18%

Beta

1.91

Frequently Asked Questions

What sell-side analysts currently cover shares of Patrick Industries?

The following sell-side analysts have issued reports on Patrick Industries in the last year: Bank of America Co., DA Davidson, KeyCorp, MKM Partners, Robert W. Baird, StockNews.com, TheStreet, and Truist Financial Co..
View the latest analyst ratings for PATK.

What is the current price target for Patrick Industries?

6 Wall Street analysts have set twelve-month price targets for Patrick Industries in the last year. Their average twelve-month price target is $65.67, suggesting a possible upside of 16.5%. Robert W. Baird has the highest price target set, predicting PATK will reach $75.00 in the next twelve months. Truist Financial Co. has the lowest price target set, forecasting a price of $60.00 for Patrick Industries in the next year.
View the latest price targets for PATK.

What is the current consensus analyst rating for Patrick Industries?

Patrick Industries currently has 1 sell rating, 1 hold rating and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PATK will outperform the market and that investors should add to their positions of Patrick Industries.
View the latest ratings for PATK.

What other companies compete with Patrick Industries?

How do I contact Patrick Industries' investor relations team?

Patrick Industries' physical mailing address is 107 WEST FRANKLIN STREET PO BOX 638, ELKHART IN, 46515. The construction company's listed phone number is (574) 294-7511 and its investor relations email address is [email protected] The official website for Patrick Industries is www.patrickind.com. Learn More about contacing Patrick Industries investor relations.