Patterson Companies (NASDAQ:PDCO) Coverage Initiated by Analysts at StockNews.com

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

Separately, Morgan Stanley increased their price target on Patterson Companies from $27.00 to $31.35 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Patterson Companies has an average rating of “Hold” and an average price target of $26.57.

Patterson Companies Stock Down 0.1 %

PDCO opened at $30.91 on Friday. The company has a market capitalization of $2.73 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The firm has a 50-day simple moving average of $31.11 and a two-hundred day simple moving average of $27.31. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. Patterson Companies has a 52 week low of $19.45 and a 52 week high of $31.79.

Hedge Funds Weigh In On Patterson Companies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in Patterson Companies by 37.2% during the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after buying an additional 44,906 shares during the period. EMC Capital Management raised its stake in shares of Patterson Companies by 600.7% in the fourth quarter. EMC Capital Management now owns 16,053 shares of the company’s stock valued at $495,000 after acquiring an additional 13,762 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Patterson Companies by 15.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock worth $55,546,000 after acquiring an additional 245,376 shares during the last quarter. Tritonpoint Wealth LLC bought a new stake in shares of Patterson Companies in the 4th quarter worth about $264,000. Finally, Anchor Investment Management LLC boosted its stake in shares of Patterson Companies by 20.5% during the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 85.43% of the company’s stock.

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.