Analysts Set Patterson Companies, Inc. (NASDAQ:PDCO) PT at $26.57

Shares of Patterson Companies, Inc. (NASDAQ:PDCO) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.57.

A number of equities research analysts have commented on the stock. Mizuho started coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price target for the company. Leerink Partnrs downgraded Patterson Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Leerink Partners reaffirmed a “market perform” rating and issued a $31.35 target price (up from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. StockNews.com initiated coverage on Patterson Companies in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their price objective on Patterson Companies from $25.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, December 5th.

Institutional Investors Weigh In On Patterson Companies

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Patterson Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 9,409,915 shares of the company’s stock worth $290,390,000 after acquiring an additional 47,897 shares during the last quarter. American Century Companies Inc. boosted its holdings in Patterson Companies by 24.1% during the fourth quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after purchasing an additional 527,054 shares during the last quarter. Equity Investment Corp boosted its holdings in Patterson Companies by 16.6% during the fourth quarter. Equity Investment Corp now owns 2,028,964 shares of the company’s stock worth $62,614,000 after purchasing an additional 289,295 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $55,546,000 after buying an additional 245,376 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Patterson Companies by 18.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,455,729 shares of the company’s stock worth $44,924,000 after buying an additional 222,005 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

Patterson Companies Price Performance

Patterson Companies stock opened at $31.16 on Friday. The stock’s 50 day moving average price is $30.99 and its two-hundred day moving average price is $25.77. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.71 and a beta of 0.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. Patterson Companies has a 52-week low of $19.45 and a 52-week high of $31.79.

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.