Patterson Companies (NASDAQ:PDCO) had its price target decreased by investment analysts at Barclays to $20.00 in a report issued on Friday, The Fly reports. The brokerage presently has an “underweight” rating on the stock. Barclays’ price target points to a potential downside of 11.27% from the stock’s current price.

PDCO has been the subject of several other research reports. Zacks Investment Research raised shares of Patterson Companies from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, August 22nd. BidaskClub raised shares of Patterson Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Northcoast Research reaffirmed a “buy” rating on shares of Patterson Companies in a research note on Wednesday, May 16th. Stifel Nicolaus decreased their price target on shares of Patterson Companies from $28.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, June 18th. Finally, Leerink Swann started coverage on shares of Patterson Companies in a research note on Friday, August 10th. They set a “market perform” rating and a $25.00 price target for the company. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.46.

Shares of NASDAQ:PDCO opened at $22.54 on Friday. Patterson Companies has a 1 year low of $20.22 and a 1 year high of $40.90. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.95 and a debt-to-equity ratio of 0.63.

Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.08). Patterson Companies had a net margin of 3.68% and a return on equity of 11.05%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. analysts anticipate that Patterson Companies will post 1.73 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Tyers Asset Management LLC grew its holdings in shares of Patterson Companies by 58.0% during the second quarter. Tyers Asset Management LLC now owns 6,624 shares of the company’s stock valued at $150,000 after buying an additional 2,432 shares during the last quarter. Twin Capital Management Inc. grew its holdings in shares of Patterson Companies by 9.6% during the first quarter. Twin Capital Management Inc. now owns 29,524 shares of the company’s stock valued at $656,000 after buying an additional 2,581 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Patterson Companies by 4.0% during the second quarter. Mutual of America Capital Management LLC now owns 69,978 shares of the company’s stock valued at $1,586,000 after buying an additional 2,665 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Patterson Companies by 9.8% during the second quarter. SG Americas Securities LLC now owns 31,159 shares of the company’s stock valued at $706,000 after buying an additional 2,779 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Patterson Companies by 2.4% during the second quarter. Baird Financial Group Inc. now owns 121,095 shares of the company’s stock valued at $2,745,000 after buying an additional 2,798 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Company Profile

Patterson Companies, Inc distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. It operates through Dental and Animal Health segments. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

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Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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