Patterson Companies (NASDAQ:PDCO) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other research analysts also recently issued reports on the company. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Morgan Stanley downgraded Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 price objective for the company. in a research note on Wednesday, December 6th. Deutsche Bank started coverage on Patterson Companies in a research note on Friday, December 8th. They issued a “hold” rating and a $37.00 price objective for the company. Piper Jaffray Companies started coverage on Patterson Companies in a research note on Thursday, October 19th. They issued a “neutral” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus raised Patterson Companies from a “sell” rating to a “hold” rating and set a $34.00 price objective for the company in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Patterson Companies currently has a consensus rating of “Hold” and a consensus target price of $40.29.

Patterson Companies (NASDAQ PDCO) opened at $35.22 on Monday. Patterson Companies has a 52 week low of $32.07 and a 52 week high of $48.29. The company has a quick ratio of 1.10, a current ratio of 1.94 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3,339.70, a P/E ratio of 21.09, a PEG ratio of 1.96 and a beta of 0.89.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). Patterson Companies had a net margin of 2.84% and a return on equity of 15.19%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company earned $0.56 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. analysts expect that Patterson Companies will post 2.11 EPS for the current fiscal year.

In other news, Director John D. Buck bought 2,834 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was acquired at an average price of $34.93 per share, with a total value of $98,991.62. Following the transaction, the director now owns 54,627 shares of the company’s stock, valued at approximately $1,908,121.11. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ann B. Gugino sold 750 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its position in Patterson Companies by 423.4% during the 2nd quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after purchasing an additional 2,041 shares during the period. Amica Retiree Medical Trust increased its position in Patterson Companies by 433.8% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,989 shares of the company’s stock valued at $116,000 after purchasing an additional 2,429 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Patterson Companies during the 4th quarter valued at approximately $145,000. Sciencast Management LP acquired a new stake in Patterson Companies during the 2nd quarter valued at approximately $205,000. Finally, GHP Investment Advisors Inc. acquired a new stake in Patterson Companies during the 3rd quarter valued at approximately $212,000. 93.48% of the stock is owned by institutional investors and hedge funds.

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Patterson Companies Company Profile

Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.

Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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