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

Research analysts at StockNews.com initiated coverage on shares of Patterson Companies (NASDAQ:PDCO) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

PDCO has been the topic of a number of other reports. Robert W. Baird boosted their price objective on shares of Patterson Companies from $25.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Mizuho began coverage on shares of Patterson Companies in a research report on Wednesday, December 4th. They set a “neutral” rating and a $23.00 price objective on the stock. Leerink Partnrs downgraded shares of Patterson Companies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Piper Sandler lowered their price objective on shares of Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 6th. Finally, Leerink Partners reaffirmed a “market perform” rating and set a $31.35 price objective (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Patterson Companies presently has an average rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Stock Down 0.0 %

PDCO stock opened at $31.19 on Wednesday. Patterson Companies has a 52-week low of $19.45 and a 52-week high of $31.79. The company’s 50 day simple moving average is $31.03 and its 200-day simple moving average is $26.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The firm has a market capitalization of $2.76 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.71 and a beta of 0.99.

Institutional Trading of Patterson Companies

Several large investors have recently added to or reduced their stakes in PDCO. California State Teachers Retirement System boosted its holdings in shares of Patterson Companies by 4.3% during the 4th quarter. California State Teachers Retirement System now owns 77,925 shares of the company’s stock worth $2,405,000 after buying an additional 3,224 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Patterson Companies during the 4th quarter worth $4,291,000. Polar Asset Management Partners Inc. bought a new stake in shares of Patterson Companies during the 4th quarter worth $6,172,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Patterson Companies by 1.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 48,909 shares of the company’s stock worth $1,509,000 after buying an additional 492 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of Patterson Companies during the 4th quarter worth $1,799,000. 85.43% of the stock is owned by institutional investors.

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.