StockNews.com Begins Coverage on Patterson Companies (NASDAQ:PDCO)

Analysts at StockNews.com initiated coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Several other equities research analysts also recently weighed in on the company. Piper Sandler cut their price objective on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Mizuho began coverage on Patterson Companies in a report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price objective for the company. Morgan Stanley lifted their target price on Patterson Companies from $27.00 to $31.35 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Robert W. Baird increased their price target on Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Patterson Companies presently has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Trading Down 0.1 %

PDCO opened at $31.14 on Tuesday. The company’s 50 day moving average is $30.99 and its 200-day moving average is $25.81. The company has a market cap of $2.76 billion, a P/E ratio of 18.21, a PEG ratio of 2.71 and a beta of 0.99. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $31.79. 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

Institutional investors and hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Patterson Companies during the fourth quarter valued at about $4,291,000. Polar Asset Management Partners Inc. bought a new stake in Patterson Companies in the 4th quarter worth about $6,172,000. Public Employees Retirement System of Ohio increased its position in shares of Patterson Companies by 1.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 48,909 shares of the company’s stock valued at $1,509,000 after acquiring an additional 492 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Patterson Companies during the 4th quarter valued at $1,799,000. Finally, BCK Capital Management LP bought a new stake in Patterson Companies in the fourth quarter worth about $710,000. 85.43% of the stock is currently owned by institutional investors.

Patterson Companies Company Profile

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.