5 Stocks Pushing The Wholesale Industry Lower

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 15 points (0.1%) at 12,980 as of Tuesday, Dec. 4, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,319 issues advancing vs. 1,553 declining with 162 unchanged.

The Wholesale industry currently sits up 0.2% versus the S&P 500, which is down 0.1%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:

5. Patterson Companies ( PDCO) is one of the companies pushing the Wholesale industry lower today. As of noon trading, Patterson Companies is down $0.60 (-1.8%) to $33.41 on light volume Thus far, 247,848 shares of Patterson Companies exchanged hands as compared to its average daily volume of 691,100 shares. The stock has ranged in price between $33.40-$34.20 after having opened the day at $34.09 as compared to the previous trading day's close of $34.01.

Patterson Companies, Inc. distributes dental, veterinary, and rehabilitation supplies. Patterson Companies has a market cap of $3.8 billion and is part of the services sector. The company has a P/E ratio of 17.4, below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Monday. Currently there are 7 analysts that rate Patterson Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Patterson Companies as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Patterson Companies Ratings Report now.

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