Robert W. Baird analyst Craig Kennison maintained a Buy rating on Patrick Industries (NASDAQ:PATK) on Friday, setting a price target of $104, which is approximately 25.86% above the present share price of $82.63.
Kennison expects Patrick Industries to post earnings per share (EPS) of $2.09 for the third quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Patrick Industries, with an average price target of $104.
The analysts price targets range from a high of $104 to a low of $104.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $850.48 million and a net profit of $68.48 million. The company's market cap is $1.96 billion.
According to TipRanks.com, Robert W. Baird analyst Craig Kennison is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.8% and a 63.79% success rate.
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.