PDCO has been the topic of several other research reports. ValuEngine upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Patterson Companies from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. Guggenheim assumed coverage on Patterson Companies in a research note on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Wolfe Research assumed coverage on Patterson Companies in a research note on Thursday, May 30th. They issued an “underperform” rating on the stock. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.50.
Shares of NASDAQ PDCO opened at $22.17 on Tuesday. Patterson Companies has a twelve month low of $18.94 and a twelve month high of $26.60. The company has a market capitalization of $2.11 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50.
A number of hedge funds have recently modified their holdings of PDCO. Enlightenment Research LLC bought a new position in shares of Patterson Companies in the fourth quarter worth $28,000. One Wealth Advisors LLC bought a new position in shares of Patterson Companies in the first quarter worth $33,000. Financial Gravity Wealth Inc. bought a new position in shares of Patterson Companies in the first quarter worth $49,000. Royce & Associates LP increased its holdings in shares of Patterson Companies by 34.4% in the first quarter. Royce & Associates LP now owns 2,553 shares of the company’s stock worth $56,000 after purchasing an additional 653 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Patterson Companies in the first quarter worth $70,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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