Patterson Companies (NASDAQ:PDCO) Price Target Lowered to $25.00 at Robert W. Baird

Patterson Companies (NASDAQ:PDCO - Get Free Report) had its target price lowered by equities research analysts at Robert W. Baird from $28.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 9.08% from the stock's current price.

Several other equities analysts have also commented on PDCO. Bank of America dropped their target price on Patterson Companies from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Stifel Nicolaus dropped their price objective on Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday. Evercore ISI decreased their target price on Patterson Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday, October 8th. UBS Group lowered their price target on Patterson Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. Finally, Mizuho assumed coverage on shares of Patterson Companies in a report on Wednesday. They set a "neutral" rating and a $23.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.10.

Patterson Companies Stock Up 0.4 %

PDCO stock traded up $0.09 during mid-day trading on Friday, reaching $22.92. The company had a trading volume of 1,170,812 shares, compared to its average volume of 969,411. Patterson Companies has a fifty-two week low of $19.45 and a fifty-two week high of $30.68. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30. The firm has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $22.80.

Patterson Companies (NASDAQ:PDCO - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.02). Patterson Companies had a net margin of 2.58% and a return on equity of 19.87%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $0.50 EPS. The firm's revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Patterson Companies will post 2.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Patterson Companies

A number of institutional investors and hedge funds have recently bought and sold shares of PDCO. Price T Rowe Associates Inc. MD raised its holdings in Patterson Companies by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,136 shares of the company's stock valued at $1,414,000 after acquiring an additional 2,630 shares during the last quarter. Mather Group LLC. grew its holdings in Patterson Companies by 1,376.1% in the second quarter. Mather Group LLC. now owns 1,609 shares of the company's stock valued at $39,000 after purchasing an additional 1,500 shares during the period. CWM LLC increased its position in Patterson Companies by 655.0% during the second quarter. CWM LLC now owns 4,492 shares of the company's stock worth $108,000 after purchasing an additional 3,897 shares during the last quarter. SG Americas Securities LLC raised its stake in Patterson Companies by 70.4% during the second quarter. SG Americas Securities LLC now owns 15,420 shares of the company's stock worth $372,000 after purchasing an additional 6,370 shares during the period. Finally, Welch Group LLC boosted its holdings in shares of Patterson Companies by 40.0% in the 2nd quarter. Welch Group LLC now owns 10,500 shares of the company's stock valued at $253,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other 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.