Patrick Industries - PATK Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $139.88
  • Forecasted Upside: 6.95%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$130.78
▲ +1.1 (0.85%)

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 $139.88
▲ +6.95% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Patrick Industries in the last 3 months. The average price target is $139.88, with a high forecast of $165.00 and a low forecast of $114.00. The average price target represents a 6.95% upside from the last price of $130.78.

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 Moderate Buy

The current consensus among 8 contributing investment analysts is to moderate buy stock in Patrick Industries. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/30/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 1 sell ratings
8/28/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
11/26/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 1 sell ratings
2/24/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 1 sell ratings
5/24/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/22/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/21/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/4/2024BenchmarkReiterated RatingBuy ➝ Buy$145.00 ➝ $145.00
11/1/2024Raymond JamesLower TargetOutperform ➝ Outperform$160.00 ➝ $136.00
11/1/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$150.00 ➝ $155.00
10/23/2024KeyCorpBoost TargetOverweight ➝ Overweight$135.00 ➝ $150.00
10/1/2024Raymond JamesInitiated CoverageOutperform$160.00
9/20/2024Truist FinancialBoost TargetBuy ➝ Buy$150.00 ➝ $165.00
9/17/2024BenchmarkReiterated RatingBuy ➝ Buy$145.00 ➝ $145.00
8/29/2024BenchmarkInitiated CoverageBuy$145.00
8/5/2024DA DavidsonBoost TargetNeutral ➝ Neutral$108.00 ➝ $114.00
8/2/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$125.00 ➝ $135.00
8/2/2024KeyCorpBoost TargetOverweight ➝ Overweight$125.00 ➝ $135.00
8/2/2024Robert W. BairdBoost TargetOutperform ➝ Outperform$120.00 ➝ $128.00
8/2/2024Truist FinancialBoost TargetBuy ➝ Buy$130.00 ➝ $150.00
5/6/2024Roth MkmReiterated RatingBuy ➝ Buy$120.00 ➝ $126.00
5/3/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$120.00 ➝ $125.00
4/12/2024Truist FinancialReiterated RatingBuy ➝ Buy$130.00
2/9/2024KeyCorpBoost TargetOverweight ➝ Overweight$110.00 ➝ $115.00
2/9/2024Roth MkmBoost TargetBuy ➝ Buy$101.00 ➝ $120.00
1/12/2024Roth MkmBoost TargetBuy ➝ Buy$90.00 ➝ $101.00
1/12/2024KeyCorpBoost TargetOverweight ➝ Overweight$95.00 ➝ $110.00
1/9/2024Truist FinancialBoost TargetBuy ➝ Buy$95.00 ➝ $125.00
12/7/2023BMO Capital MarketsInitiated CoverageOutperform$105.00
10/17/2023Truist FinancialLower TargetBuy ➝ Buy$100.00 ➝ $95.00
9/15/2023Truist FinancialLower TargetBuy ➝ Buy$105.00 ➝ $100.00
8/7/2023Bank of AmericaBoost TargetUnderperform ➝ Underperform$63.00 ➝ $75.00
8/1/2023DA DavidsonBoost TargetNeutral ➝ Neutral$75.00 ➝ $81.00
7/31/2023KeyCorpBoost TargetOverweight$90.00 ➝ $95.00
7/28/2023Robert W. BairdBoost TargetOutperform$85.00 ➝ $95.00
7/17/2023KeyCorpBoost Target$80.00 ➝ $90.00
7/14/2023Truist FinancialBoost TargetBuy$80.00 ➝ $100.00
5/25/2023Truist FinancialLower Target$84.00 ➝ $80.00
4/19/2023KeyCorpInitiated CoverageOverweight$80.00
3/27/2023Bank of AmericaBoost Target$53.00 ➝ $63.00
2/17/2023Truist FinancialBoost Target$80.00 ➝ $84.00
2/10/2023Roth CapitalReiterated RatingBuy
2/10/2023Truist FinancialBoost TargetBuy$70.00 ➝ $80.00
2/10/2023Robert W. BairdBoost TargetOutperform$74.00 ➝ $85.00
10/28/2022Robert W. BairdLower TargetOutperform$90.00 ➝ $75.00
10/5/2022Truist FinancialLower TargetBuy$65.00 ➝ $60.00
10/3/2022MKM PartnersLower TargetBuy$86.00 ➝ $66.00
9/23/2022Truist FinancialLower TargetBuy$80.00 ➝ $65.00
8/26/2022DA DavidsonInitiated CoverageNeutral$65.00
8/1/2022KeyCorpBoost TargetOverweight$65.00 ➝ $68.00
7/19/2022KeyCorpSet Target$65.00
5/26/2022Truist FinancialLower Target$75.00
5/5/2022MKM PartnersInitiated CoverageBuy$93.00
4/12/2022Truist FinancialInitiated CoverageBuy$75.00
4/4/2022Bank of AmericaInitiated CoverageUnderperform$60.00
10/25/2021KeyCorpLower TargetOverweight$102.00 ➝ $90.00
7/2/2021Robert W. BairdReiterated RatingBuy$104.00
4/30/2021Robert W. BairdBoost TargetPositive ➝ Outperform$88.00 ➝ $104.00
8/17/2020Wells Fargo & CompanyBoost TargetEqual Weight$55.00 ➝ $70.00
7/31/2020KeyCorpBoost TargetOverweight$75.00 ➝ $77.00
7/31/2020Bank of AmericaUpgradeNeutral ➝ Buy$74.00 ➝ $88.00
7/16/2020Bank of AmericaUpgradeUnderperform ➝ Neutral$34.00 ➝ $74.00
6/10/2020KeyCorpBoost TargetOverweight$47.00 ➝ $75.00
5/21/2020SidotiBoost TargetBuy$51.00 ➝ $59.00
5/6/2020Wells Fargo & CompanyBoost TargetEqual Weight$33.00 ➝ $42.00
5/4/2020KeyCorpBoost TargetOverweight$45.00 ➝ $47.00
4/14/2020KeyCorpLower TargetOverweight$55.00 ➝ $45.00
4/8/2020Wells Fargo & CompanyReiterated RatingHold
3/26/2020SidotiLower TargetBuy$74.00 ➝ $53.00
2/14/2020KeyCorpBoost TargetOverweight$60.00 ➝ $75.00
(Data available from 11/21/2019 forward)

News Sentiment Rating

0.54 (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
  • 4 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/24/2024
  • 6 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/24/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/23/2024
  • 3 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/23/2024
  • 6 very positive mentions
  • 23 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/22/2024
  • 11 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/21/2024
  • 8 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/21/2024
  • 11 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/20/2024

Current Sentiment

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

Now: $130.78
Low: $128.27
High: $131.37

50 Day Range

MA: $136.61
Low: $115.13
High: $146.96

52 Week Range

Now: $130.78
Low: $80.62
High: $148.35

Volume

199,495 shs

Average Volume

190,567 shs

Market Capitalization

$2.93 billion

P/E Ratio

18.79

Dividend Yield

1.71%

Beta

1.62

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: Benchmark Co., BMO Capital Markets, DA Davidson, KeyCorp, Raymond James, Robert W. Baird, Roth Mkm, StockNews.com, and Truist Financial Co..
View the latest analyst ratings for PATK.

What is the current price target for Patrick Industries?

0 Wall Street analysts have set twelve-month price targets for Patrick Industries in the last year. Their average twelve-month price target is $139.88, suggesting a possible upside of 7.0%. Truist Financial Co. has the highest price target set, predicting PATK will reach $165.00 in the next twelve months. DA Davidson has the lowest price target set, forecasting a price of $114.00 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 hold rating and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PATK.

What other companies compete with Patrick Industries?

Other companies that are similar to Patrick Industries include Masonite International, JELD-WEN, AAON, A. O. Smith and UFP Industries. Learn More about companies similar to 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.