Patterson Companies, Inc. (PDCO) Receives Average Recommendation of “Hold” from Analysts

Patterson Companies, Inc. (NASDAQ:PDCO) has earned a consensus rating of “Hold” from the nineteen research firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.14.

A number of equities analysts recently commented on PDCO shares. ValuEngine cut Patterson Companies from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Piper Jaffray Companies reiterated a “hold” rating and set a $24.00 price target on shares of Patterson Companies in a report on Wednesday, April 4th. BidaskClub cut Patterson Companies from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 4th. Craig Hallum upgraded Patterson Companies from a “hold” rating to a “buy” rating in a report on Friday, April 6th. Finally, Northcoast Research reiterated a “buy” rating on shares of Patterson Companies in a report on Wednesday, May 16th.

Shares of NASDAQ PDCO traded up $0.37 during mid-day trading on Friday, hitting $23.77. The company had a trading volume of 2,572,832 shares, compared to its average volume of 2,314,532. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.66 and a beta of 1.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.95 and a quick ratio of 1.09. Patterson Companies has a one year low of $20.57 and a one year high of $42.54.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings results on Thursday, June 21st. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Patterson Companies had a return on equity of 11.05% and a net margin of 3.68%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company posted $0.69 earnings per share. Patterson Companies’s quarterly revenue was down 3.1% on a year-over-year basis. sell-side analysts expect that Patterson Companies will post 1.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 27th. Shareholders of record on Friday, July 13th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, July 12th. This represents a $1.04 annualized dividend and a yield of 4.38%. Patterson Companies’s dividend payout ratio (DPR) is presently 61.90%.

A number of hedge funds have recently modified their holdings of PDCO. Rand Wealth LLC acquired a new stake in Patterson Companies during the second quarter worth approximately $209,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Patterson Companies during the fourth quarter worth approximately $212,000. Profund Advisors LLC acquired a new stake in Patterson Companies during the first quarter worth approximately $213,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Patterson Companies during the first quarter worth approximately $224,000. Finally, ING Groep NV lifted its position in Patterson Companies by 58.4% during the first quarter. ING Groep NV now owns 12,404 shares of the company’s stock worth $276,000 after acquiring an additional 4,572 shares during the last quarter. Hedge funds and other institutional investors own 88.72% of the company’s stock.

About Patterson Companies

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.

Read More: Earnings Per Share (EPS)

Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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