Patterson Companies (NASDAQ:PDCO) Now Covered by StockNews.com

StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research report sent to investors on Friday. The firm issued a hold rating on the stock.

A number of other equities research analysts also recently weighed in on PDCO. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Leerink Partners reissued a “market perform” rating and set a $31.35 target price (up from $29.00) on shares of Patterson Companies in a research note on Wednesday, December 11th. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, December 5th. Robert W. Baird increased their price objective on Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Piper Sandler decreased 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. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Patterson Companies currently has a consensus rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Stock Down 0.9 %

PDCO opened at $30.94 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a market capitalization of $2.74 billion, a PE ratio of 18.09, a P/E/G ratio of 2.71 and a beta of 0.73. The stock’s fifty day moving average is $31.10 and its 200-day moving average is $26.86. Patterson Companies has a one year low of $19.45 and a one year high of $31.79.

Institutional Trading of Patterson Companies

Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. purchased a new stake in Patterson Companies in the 4th quarter worth approximately $26,000. Huntington National Bank boosted its position in Patterson Companies by 54.0% during the fourth quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. GAMMA Investing LLC grew its stake in Patterson Companies by 103.0% in the fourth quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after purchasing an additional 680 shares in the last quarter. Anchor Investment Management LLC increased its position in Patterson Companies by 20.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after purchasing an additional 1,570 shares in the last quarter. 85.43% of the stock is currently owned by institutional investors and hedge funds.

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.