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

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

A number of other equities research analysts also recently weighed in on the company. Mizuho began coverage on Patterson Companies in a report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price target for the company. Morgan Stanley boosted their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Stifel Nicolaus lowered their target price on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, December 5th. Robert W. Baird boosted their price objective on shares of 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 lowered their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Patterson Companies has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Price Performance

PDCO opened at $31.16 on Tuesday. 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 $2.76 billion, a P/E ratio of 18.22, a PEG ratio of 2.71 and a beta of 0.99. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $31.79. The company has a 50-day moving average of $30.99 and a 200-day moving average of $25.77.

Institutional Trading of Patterson Companies

Several large investors have recently added to or reduced their stakes in PDCO. Harbour Investments Inc. acquired a new stake in Patterson Companies in the 4th quarter valued at approximately $26,000. Huntington National Bank increased its holdings in shares of 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 period. GAMMA Investing LLC increased its holdings in shares of Patterson Companies by 103.0% during 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 during the period. Anchor Investment Management LLC raised its position in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after buying an additional 400 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Patterson Companies by 501.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after acquiring an additional 1,570 shares during the period. 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.