Patterson Cos. (NASDAQ:PDCO)‘s stock had its “hold” rating reissued by stock analysts at Evercore ISI in a report released on Monday. They presently have a $39.00 price objective on the stock, down from their prior price objective of $46.00. Evercore ISI’s target price would suggest a potential upside of 0.33% from the stock’s current price.

Several other research firms have also issued reports on PDCO. Jefferies Group reaffirmed a “hold” rating on shares of Patterson Cos. in a research note on Thursday, August 4th. Off Wall Street began coverage on shares of Patterson Cos. in a report on Monday, August 8th. They issued a “sell” rating on the stock. TheStreet upgraded shares of Patterson Cos. from a “hold” rating to a “buy” rating in a report on Friday, November 11th. Zacks Investment Research upgraded shares of Patterson Cos. from a “sell” rating to a “hold” rating in a report on Monday, September 5th. Finally, Bank of America Corp. began coverage on shares of Patterson Cos. in a report on Wednesday, August 24th. They issued an “underperform” rating and a $44.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.33.

Analyst Recommendations for Patterson Cos. (NASDAQ:PDCO)

Patterson Cos. (NASDAQ:PDCO) opened at 38.87 on Monday. Patterson Cos. has a 12 month low of $36.46 and a 12 month high of $50.40. The company has a market cap of $3.70 billion, a PE ratio of 18.05 and a beta of 0.97. The stock’s 50 day moving average is $44.75 and its 200 day moving average is $46.63.

Patterson Cos. (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.56 earnings per share (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 business earned $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Patterson Cos. will post $2.57 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in PDCO. Benjamin F. Edwards & Company Inc. increased its position in Patterson Cos. by 0.5% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,369 shares of the company’s stock valued at $109,000 after buying an additional 11 shares during the last quarter. Toronto Dominion Bank increased its position in Patterson Cos. by 425.2% in the third quarter. Toronto Dominion Bank now owns 2,442 shares of the company’s stock valued at $112,000 after buying an additional 1,977 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Patterson Cos. by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,702 shares of the company’s stock valued at $124,000 after buying an additional 11 shares during the last quarter. Investment Counselors of Maryland LLC increased its position in Patterson Cos. by 45.6% in the third quarter. Investment Counselors of Maryland LLC now owns 2,979 shares of the company’s stock valued at $137,000 after buying an additional 933 shares during the last quarter. Finally, TLP Group LLC bought a new position in Patterson Cos. during the second quarter valued at about $140,000. Hedge funds and other institutional investors own 79.77% of the company’s stock.

About Patterson Cos.

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

5 Day Chart for NASDAQ:PDCO

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