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

StockNews.com started coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research note published on Friday. The brokerage issued a hold rating on the stock.

Other equities research analysts have also issued reports about the company. Leerink Partnrs lowered Patterson Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Piper Sandler decreased their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, December 6th. Robert W. Baird lifted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, December 5th. Finally, Morgan Stanley lifted their price objective on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Trading Down 0.9 %

Patterson Companies stock opened at $30.94 on Friday. Patterson Companies has a one year low of $19.45 and a one year high of $31.79. The company’s fifty day moving average price is $31.10 and its two-hundred day moving average price is $26.86. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

Institutional Trading of Patterson Companies

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Patterson Companies by 31.5% in the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company’s stock valued at $726,000 after purchasing an additional 7,969 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 period. EMC Capital Management boosted its position in shares of Patterson Companies by 600.7% during the 4th quarter. EMC Capital Management now owns 16,053 shares of the company’s stock valued at $495,000 after acquiring an additional 13,762 shares in the last quarter. Tritonpoint Wealth LLC bought a new stake in Patterson Companies in the fourth quarter valued at about $264,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Patterson Companies in the third quarter worth about $219,000. 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.