Patterson Companies, Inc. (NASDAQ:PDCO) Receives Average Rating of "Hold" from Brokerages

Patterson Companies, Inc. (NASDAQ:PDCO - Get Free Report) has been given an average recommendation of "Hold" by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $26.57.

Several research firms recently issued reports on PDCO. Leerink Partnrs downgraded Patterson Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. StockNews.com began coverage on Patterson Companies in a report on Monday, March 3rd. They issued a "hold" rating on the stock. Morgan Stanley increased their price objective on shares of Patterson Companies from $27.00 to $31.35 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Mizuho initiated coverage on Patterson Companies in a report on Wednesday, December 4th. They set a "neutral" rating and a $23.00 price target on the stock. Finally, Piper Sandler cut their target price on Patterson Companies from $26.00 to $24.00 and set a "neutral" rating on the stock in a report on Friday, December 6th.

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Patterson Companies Stock Down 0.0 %

Shares of Patterson Companies stock traded down $0.01 on Friday, reaching $31.12. 1,113,296 shares of the company were exchanged, compared to its average volume of 1,010,509. Patterson Companies has a one year low of $19.45 and a one year high of $31.79. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $30.98 and a 200 day moving average of $25.69. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.71 and a beta of 0.99.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.02). Patterson Companies had a net margin of 2.37% and a return on equity of 19.77%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $0.50 EPS. The firm's revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Patterson Companies will post 2.25 earnings per share for the current year.

Institutional Trading of Patterson Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of Patterson Companies by 31.5% during the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company's stock worth $726,000 after acquiring an additional 7,969 shares in the last quarter. Equity Investment Corp lifted its holdings in shares of Patterson Companies by 10.6% in the third quarter. Equity Investment Corp now owns 1,739,669 shares of the company's stock valued at $37,994,000 after purchasing an additional 166,899 shares in the last quarter. Goodman Financial Corp boosted its position in shares of Patterson Companies by 19.1% during the third quarter. Goodman Financial Corp now owns 543,282 shares of the company's stock valued at $11,865,000 after buying an additional 86,972 shares during the last quarter. Mork Capital Management LLC grew its holdings in Patterson Companies by 142.9% during the third quarter. Mork Capital Management LLC now owns 84,980 shares of the company's stock worth $1,856,000 after buying an additional 50,000 shares in the last quarter. Finally, Barclays PLC raised its position in Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company's stock valued at $3,619,000 after buying an additional 44,906 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.