Patterson Companies, Inc. (NASDAQ:PDCO) Receives $26.57 Consensus Target Price from Analysts

Patterson Companies, Inc. (NASDAQ:PDCO) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.57.

Separately, Wall Street Zen assumed coverage on Patterson Companies in a research report on Thursday, May 22nd. They issued a “hold” rating on the stock.

Patterson Companies Stock Performance

Shares of PDCO stock opened at $31.33 on Friday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a 50 day moving average price of $31.33 and a 200 day moving average price of $30.91. Patterson Companies has a one year low of $19.45 and a one year high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Patterson Companies during the 4th quarter valued at about $18,316,000. Charles Schwab Investment Management Inc. raised its stake in shares of Patterson Companies by 15.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after purchasing an additional 245,376 shares during the period. Yousif Capital Management LLC raised its stake in shares of Patterson Companies by 7.7% during the first quarter. Yousif Capital Management LLC now owns 32,598 shares of the company’s stock valued at $1,018,000 after purchasing an additional 2,325 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Patterson Companies during the fourth quarter worth $518,000. Finally, LMG Wealth Partners LLC purchased a new position in shares of Patterson Companies in the fourth quarter valued at $284,000. 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.