Patterson Companies (NASDAQ:PDCO) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research analysts also recently commented on the company. Zacks Investment Research reiterated a “hold” rating on shares of Patterson Companies in a report on Wednesday, November 14th. BidaskClub upgraded Patterson Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Goldman Sachs Group began coverage on Patterson Companies in a report on Friday, October 19th. They issued a “sell” rating and a $19.00 price objective on the stock. Morgan Stanley dropped their price objective on Patterson Companies from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Friday, August 31st. Finally, Barclays dropped their price target on Patterson Companies from $23.00 to $20.00 and set an “underweight” rating on the stock in a research note on Friday, August 31st. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.58.

Shares of PDCO traded down $1.48 during mid-day trading on Thursday, reaching $23.09. The company’s stock had a trading volume of 4,746,296 shares, compared to its average volume of 2,146,097. Patterson Companies has a 12-month low of $20.22 and a 12-month high of $38.52. The company has a market cap of $2.33 billion, a P/E ratio of 13.74, a PEG ratio of 3.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.79.

Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Thursday, December 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Patterson Companies had a return on equity of 9.71% and a net margin of 3.01%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts predict that Patterson Companies will post 1.42 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in PDCO. Principal Financial Group Inc. grew its stake in Patterson Companies by 182.5% during the 1st quarter. Principal Financial Group Inc. now owns 364,937 shares of the company’s stock worth $8,112,000 after buying an additional 235,760 shares during the last quarter. Bank of Montreal Can grew its stake in Patterson Companies by 210.4% during the 2nd quarter. Bank of Montreal Can now owns 27,715 shares of the company’s stock worth $628,000 after buying an additional 18,786 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Patterson Companies during the 2nd quarter worth approximately $389,000. Aperio Group LLC lifted its position in Patterson Companies by 476.1% during the 2nd quarter. Aperio Group LLC now owns 153,688 shares of the company’s stock worth $3,484,000 after acquiring an additional 127,012 shares during the period. Finally, Alps Advisors Inc. acquired a new stake in Patterson Companies during the 2nd quarter worth approximately $48,813,000.

About Patterson Companies

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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