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

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

PDCO has been the subject of a number of other reports. Morgan Stanley upped their price objective 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. Leerink Partners restated a “market perform” rating and issued a $31.35 price target (up previously from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Robert W. Baird boosted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Piper Sandler decreased their target price on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 6th. Finally, Mizuho started coverage on Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.57.

Patterson Companies Trading Up 0.1 %

Shares of NASDAQ PDCO opened at $31.20 on Wednesday. The business has a fifty day simple moving average of $31.03 and a 200-day simple moving average of $26.07. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 2.71 and a beta of 0.99. Patterson Companies has a 12 month low of $19.45 and a 12 month high of $31.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On Patterson Companies

Several large investors have recently made changes to their positions in the company. Harbour Investments Inc. bought a new position in Patterson Companies during the fourth quarter valued at approximately $26,000. Huntington National Bank raised its holdings in shares of Patterson Companies by 54.0% during the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Patterson Companies by 103.0% during the 4th 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. 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 valued at $58,000 after purchasing an additional 1,570 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Patterson Companies by 779.7% in the fourth quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after purchasing an additional 1,809 shares in the last quarter. 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.