Patterson Companies (NASDAQ:PDCO) Coverage Initiated by Analysts at StockNews.com

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

PDCO has been the subject of several other reports. Leerink Partnrs downgraded Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho assumed coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 target price for the company. Piper Sandler lowered their price target on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Leerink Partners reissued a “market perform” rating and issued a $31.35 price objective (up previously from $29.00) on shares of Patterson Companies in a report on Wednesday, December 11th. Finally, Stifel Nicolaus decreased their target price 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. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Trading Up 0.0 %

Shares of Patterson Companies stock opened at $31.25 on Thursday. The stock has a market cap of $2.76 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.71 and a beta of 0.99. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. Patterson Companies has a 12-month low of $19.45 and a 12-month high of $31.79. The business’s 50 day moving average is $31.07 and its 200-day moving average is $26.44.

Institutional Trading of Patterson Companies

A number of institutional investors have recently made changes to their positions in PDCO. Vanguard Group Inc. lifted its position in shares of Patterson Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock worth $290,390,000 after purchasing an additional 47,897 shares during the period. American Century Companies Inc. lifted its holdings in Patterson Companies by 24.1% in the fourth quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after buying an additional 527,054 shares during the period. Equity Investment Corp boosted its position in Patterson Companies by 16.6% during the 4th quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock valued at $62,614,000 after acquiring an additional 289,295 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Patterson Companies by 15.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock worth $55,546,000 after acquiring an additional 245,376 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Patterson Companies by 18.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock worth $44,924,000 after acquiring an additional 222,005 shares in the last quarter. Hedge funds and other 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.