StockNews.com Begins Coverage on Patterson Companies (NASDAQ:PDCO)

Investment analysts at StockNews.com assumed coverage on shares of Patterson Companies (NASDAQ:PDCO - Get Free Report) in a note issued to investors on Saturday. The brokerage set a "hold" rating on the stock.

Separately, Morgan Stanley lifted their price target on Patterson Companies from $27.00 to $31.35 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.57.

Patterson Companies Stock Performance

PDCO traded up $0.01 on Friday, hitting $31.33. The company's stock had a trading volume of 9,359,303 shares, compared to its average volume of 1,206,191. The company's 50 day simple moving average is $31.13 and its 200-day simple moving average is $27.47. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. Patterson Companies has a 12 month low of $19.45 and a 12 month high of $31.79. The firm has a market cap of $2.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.

Institutional Trading of Patterson Companies

A number of large investors have recently modified their holdings of the business. HighTower Advisors LLC raised its stake in Patterson Companies by 144.0% in the third quarter. HighTower Advisors LLC now owns 13,318 shares of the company's stock valued at $301,000 after purchasing an additional 43,572 shares in the last quarter. Stifel Financial Corp raised its position in shares of Patterson Companies by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 30,825 shares of the company's stock valued at $673,000 after buying an additional 1,789 shares in the last quarter. Barclays PLC lifted its holdings in shares of Patterson Companies by 37.2% during the 3rd quarter. Barclays PLC now owns 165,715 shares of the company's stock worth $3,619,000 after acquiring an additional 44,906 shares during the last quarter. Sanctuary Advisors LLC grew its position in Patterson Companies by 54.1% in the third quarter. Sanctuary Advisors LLC now owns 25,670 shares of the company's stock worth $525,000 after acquiring an additional 9,015 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Patterson Companies in the third quarter worth $65,000. Institutional investors own 85.43% of the company's stock.

Patterson Companies Company Profile

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.