Today, Patterson Cos. (PDCO) Rating Reiterate by Jefferies Group

Today, Patterson Cos. (PDCO) Rating Reiterate by Jefferies Group

Patterson Cos. (NASDAQ:PDCO)‘s stock had its “neutral” rating reissued by Jefferies Group in a note issued to investors on Friday. They currently have a $48.00 target price on the stock. Jefferies Group’s price objective would suggest a potential upside of 23.71% from the company’s current price.

Several other equities analysts also recently commented on PDCO. TheStreet downgraded Patterson Cos. from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st. Evercore ISI reaffirmed a “hold” rating and issued a $48.00 target price (down previously from $49.00) on shares of Patterson Cos. in a research report on Friday, August 26th. Zacks Investment Research raised Patterson Cos. from a “sell” rating to a “hold” rating in a research report on Thursday, October 13th. Northcoast Research reissued a “buy” rating on shares of Patterson Cos. in a research report on Tuesday, November 1st. Finally, Robert W. Baird reissued a “neutral” rating and set a $49.00 price target (down previously from $51.00) on shares of Patterson Cos. in a research report on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.67.

Shares of Patterson Cos. (NASDAQ:PDCO) opened at 38.80 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 19.13 and a beta of 0.97. The stock has a 50 day moving average price of $44.75 and a 200 day moving average price of $46.63. Patterson Cos. has a 1-year low of $36.46 and a 1-year high of $50.40.

Patterson Cos. (NASDAQ:PDCO) last posted its earnings results on Tuesday, November 22nd. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.60 by $0.04. Patterson Cos. had a net margin of 3.69% and a return on equity of 17.17%. The firm earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $0.56 EPS. Patterson Cos.’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Patterson Cos. will post $2.57 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in Patterson Cos. by 46.8% in the third quarter. D.A. Davidson & CO. now owns 10,908 shares of the company’s stock valued at $498,000 after buying an additional 3,480 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Patterson Cos. by 1.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 158,860 shares of the company’s stock valued at $7,298,000 after buying an additional 2,620 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in Patterson Cos. by 116.2% in the third quarter. Quantitative Systematic Strategies LLC now owns 27,647 shares of the company’s stock valued at $1,258,000 after buying an additional 14,862 shares during the last quarter. Cullen Capital Management LLC acquired a new stake in Patterson Cos. during the third quarter valued at $585,000. Finally, Candriam Luxembourg S.C.A. boosted its stake in Patterson Cos. by 45.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 12,439 shares of the company’s stock valued at $571,000 after buying an additional 3,880 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

Patterson Cos. Company Profile

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