Patterson Companies, Inc. (PDCO) Receives $21.95 Average PT from Brokerages

Share on StockTwits

Patterson Companies, Inc. (NASDAQ:PDCO) has earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.95.

A number of research firms have issued reports on PDCO. Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. BidaskClub upgraded Patterson Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. Finally, UBS Group began coverage on Patterson Companies in a research report on Thursday, January 17th. They issued a “neutral” rating and a $23.00 target price on the stock.

Patterson Companies stock traded down $0.75 during midday trading on Wednesday, reaching $22.85. The company’s stock had a trading volume of 1,636,400 shares, compared to its average volume of 901,291. Patterson Companies has a 52 week low of $18.94 and a 52 week high of $32.73. The company has a quick ratio of 0.94, a current ratio of 1.76 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.24 billion, a PE ratio of 13.60, a P/E/G ratio of 2.90 and a beta of 1.35.

Patterson Companies (NASDAQ:PDCO) last released its earnings results on Thursday, December 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Patterson Companies had a return on equity of 8.78% and a net margin of 2.80%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts expect that Patterson Companies will post 1.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Friday, January 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend was Thursday, January 10th. Patterson Companies’s dividend payout ratio is currently 61.90%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new position in Patterson Companies in the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund increased its position in shares of Patterson Companies by 1,913.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 649,645 shares of the company’s stock valued at $33,000 after purchasing an additional 617,386 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Patterson Companies by 14.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after acquiring an additional 761 shares during the last quarter. Quantamental Technologies LLC bought a new position in Patterson Companies during the 4th quarter worth approximately $126,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Patterson Companies by 542.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,125 shares of the company’s stock worth $150,000 after buying an additional 5,171 shares during the period.

About Patterson Companies

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Featured Article: How to Invest in Growth Stocks

Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

Receive News & Ratings for Patterson Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply