Mizuho Begins Coverage on Patterson Companies (NASDAQ:PDCO)

Equities research analysts at Mizuho started coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $23.00 price target on the stock. Mizuho’s target price would suggest a potential upside of 6.43% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Evercore ISI decreased their target price on Patterson Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price on Patterson Companies from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Robert W. Baird decreased their target price on Patterson Companies from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Bank of America lowered their price target on Patterson Companies from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, UBS Group lowered their price target on Patterson Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.11.

Patterson Companies Stock Down 1.3 %

Shares of PDCO stock opened at $21.61 on Wednesday. Patterson Companies has a 1 year low of $19.45 and a 1 year high of $30.68. The stock has a market cap of $1.90 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.59 and a beta of 1.00. The business’s fifty day moving average is $20.97 and its 200-day moving average is $22.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.30.

Institutional Trading of Patterson Companies

A number of institutional investors have recently bought and sold shares of the company. LRI Investments LLC lifted its position in shares of Patterson Companies by 201.2% in the second quarter. LRI Investments LLC now owns 1,262 shares of the company’s stock worth $30,000 after buying an additional 843 shares during the last quarter. Mather Group LLC. lifted its position in shares of Patterson Companies by 1,376.1% in the second quarter. Mather Group LLC. now owns 1,609 shares of the company’s stock worth $39,000 after buying an additional 1,500 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Patterson Companies in the second quarter worth about $41,000. Family Firm Inc. acquired a new stake in shares of Patterson Companies in the second quarter worth about $45,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Patterson Companies in the second quarter worth about $45,000. 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.