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

StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research report report published on Thursday. The firm issued a hold rating on the stock.

Several other brokerages also recently issued reports on PDCO. Robert W. Baird upped their price target on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Leerink Partnrs lowered Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Piper Sandler reduced their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, Mizuho initiated coverage on Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.57.

Patterson Companies Price Performance

Shares of NASDAQ PDCO 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. Patterson Companies has a twelve month low of $19.45 and a twelve month high of $31.79. The stock has a 50 day moving average of $31.07 and a two-hundred day moving average of $26.44. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Patterson Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. bought a new position in Patterson Companies during the 4th quarter worth approximately $26,000. Huntington National Bank grew its holdings in shares of Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock valued at $34,000 after buying an additional 391 shares during the period. GAMMA Investing LLC increased its position in shares of Patterson Companies by 103.0% in the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock valued at $41,000 after buying an additional 680 shares in the last quarter. Quadrant Capital Group LLC increased its position 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 buying an additional 1,570 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Patterson Companies by 779.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock worth $63,000 after buying an additional 1,809 shares during the period. Institutional investors and hedge funds 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.