Patterson Companies (PDCO) Receives Coverage Optimism Rating of 0.09
News articles about Patterson Companies (NASDAQ:PDCO) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Patterson Companies earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.1396568818192 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Recent PDCO News (bloomberg.com)
- Patterson Companies, Inc. (NASDAQ:PDCO) – What’s Better? – Buy or Sell – Nasdaq Journal (press release) (nasdaqjournal.com)
- Patterson Companies, Inc. (PDCO) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Patterson Companies, Inc. (PDCO) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- $1.38 Billion in Sales Expected for Patterson Companies, Inc. (PDCO) This Quarter (americanbankingnews.com)
Shares of Patterson Companies (NASDAQ PDCO) traded up $1.38 during trading on Friday, hitting $36.50. The stock had a trading volume of 5,636,436 shares, compared to its average volume of 2,480,009. The stock has a market capitalization of $3,330.22, a P/E ratio of 15.82, a PEG ratio of 2.01 and a beta of 0.95. Patterson Companies has a 12-month low of $32.07 and a 12-month high of $48.29. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, January 11th. Patterson Companies’s dividend payout ratio (DPR) is presently 62.28%.
A number of research firms recently weighed in on PDCO. BidaskClub downgraded Patterson Companies from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Royal Bank of Canada began coverage on Patterson Companies in a research note on Tuesday, September 19th. They set a “sector perform” rating and a $42.00 price target on the stock. Cleveland Research reaffirmed a “hold” rating on shares of Patterson Companies in a research note on Tuesday, August 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $40.00 price target on shares of Patterson Companies in a research note on Wednesday, November 22nd. Finally, UBS raised Patterson Companies from a “sell” rating to a “hold” rating and set a $40.00 price target on the stock in a research note on Friday, August 25th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.40.
In related news, Director John D. Buck acquired 2,834 shares of the stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of $34.93 per share, with a total value of $98,991.62. Following the completion of the purchase, the director now directly owns 54,627 shares in the company, valued at approximately $1,908,121.11. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ann B. Gugino sold 750 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $36.73, for a total value of $27,547.50. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.
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Patterson Companies Company Profile
Patterson Companies, Inc is a value-added distributor focused on providing a customer experience to professionals in the dental and animal health markets. The Company operates through three segments: dental, animal health and corporate. Dental and Animal health are strategic business units that offer similar products and services to different customer bases.
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