Patterson Companies (PDCO) – Investment Analysts’ Recent Ratings Changes

Posted by ABMN Staff on Jan 2nd, 2025

A number of research firms have changed their ratings and price targets for Patterson Companies (NASDAQ: PDCO):

12/29/2024 – Patterson Companies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
12/21/2024 – Patterson Companies is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
12/17/2024 – Patterson Companies had its price target raised by analysts at Morgan Stanley from $27.00 to $31.35. They now have an “equal weight” rating on the stock.
12/12/2024 – Patterson Companies had its price target raised by analysts at Robert W. Baird from $25.00 to $31.00. They now have a “neutral” rating on the stock.
12/11/2024 – Patterson Companies had its “market perform” rating reaffirmed by analysts at Leerink Partners. They now have a $31.35 price target on the stock, up previously from $29.00.
12/11/2024 – Patterson Companies was downgraded by analysts at Leerink Partnrs from a “strong-buy” rating to a “hold” rating.
12/6/2024 – Patterson Companies had its price target lowered by analysts at Piper Sandler from $26.00 to $24.00. They now have a “neutral” rating on the stock.
12/6/2024 – Patterson Companies had its price target lowered by analysts at Robert W. Baird from $28.00 to $25.00. They now have a “neutral” rating on the stock.
12/5/2024 – Patterson Companies had its price target lowered by analysts at Stifel Nicolaus from $25.00 to $24.00. They now have a “hold” rating on the stock.
12/4/2024 – Patterson Companies is now covered by analysts at Mizuho. They set a “neutral” rating and a $23.00 price target on the stock.
12/3/2024 – Patterson Companies was upgraded by analysts at Mizuho to a “hold” rating.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $30.86 on Thursday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.70 and a beta of 1.00. Patterson Companies, Inc. has a twelve month low of $19.45 and a twelve month high of $31.79. The firm’s fifty day simple moving average is $24.35 and its 200 day simple moving average is $23.58. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Patterson Companies (NASDAQ:PDCO – Get Free Report) last released 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). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion. Patterson Companies had a return on equity of 19.77% and a net margin of 2.37%. Patterson Companies’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 EPS. As a group, equities research analysts expect that Patterson Companies, Inc. will post 2.26 earnings per share for the current fiscal year.

Insider Transactions at Patterson Companies

In other Patterson Companies news, CEO Donald Zurbay sold 1,962 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.08, for a total value of $45,282.96. Following the completion of the sale, the chief executive officer now directly owns 222,736 shares in the company, valued at $5,140,746.88. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Patterson Companies

Large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new stake in shares of Patterson Companies in the 2nd quarter valued at approximately $41,000. Meeder Asset Management Inc. acquired a new position in Patterson Companies during the second quarter worth $45,000. International Assets Investment Management LLC raised its stake in shares of Patterson Companies by 2,084.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,184 shares of the company’s stock valued at $48,000 after acquiring an additional 2,084 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after buying an additional 400 shares during the last quarter. Finally, KBC Group NV lifted its position in Patterson Companies by 32.7% during the 3rd quarter. KBC Group NV now owns 2,757 shares of the company’s stock worth $60,000 after acquiring an additional 680 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

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.