Patterson Companies (NASDAQ:PDCO) PT Set at $24.00 by UBS Group

UBS Group set a $24.00 target price on Patterson Companies (NASDAQ:PDCO) in a research note released on Tuesday, TipRanks reports. The firm currently has a hold rating on the stock.

PDCO has been the subject of several other research reports. ValuEngine upgraded Patterson Companies from a sell rating to a hold rating in a research note on Friday, March 1st. BidaskClub lowered Patterson Companies from a strong-buy rating to a buy rating in a research note on Thursday, March 7th. Guggenheim initiated coverage on Patterson Companies in a research note on Wednesday, April 17th. They set a neutral rating and a $23.00 price objective for the company. Zacks Investment Research lowered Patterson Companies from a hold rating to a sell rating in a research note on Wednesday, February 27th. Finally, Wolfe Research initiated coverage on Patterson Companies in a research note on Thursday, May 30th. They set an underperform rating for the company. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Patterson Companies presently has an average rating of Hold and a consensus target price of $21.86.

Shares of Patterson Companies stock traded up $0.69 on Tuesday, hitting $24.89. The company’s stock had a trading volume of 191,173 shares, compared to its average volume of 683,613. The company has a quick ratio of 0.89, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. Patterson Companies has a 1 year low of $18.94 and a 1 year high of $26.60. The firm’s fifty day moving average is $22.32. The firm has a market cap of $2.30 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.04 annualized dividend and a yield of 4.18%. Patterson Companies’s dividend payout ratio (DPR) is currently 61.90%.

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of Patterson Companies by 4.9% in the 4th quarter. BlackRock Inc. now owns 9,795,267 shares of the company’s stock worth $192,575,000 after acquiring an additional 453,803 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Patterson Companies by 36.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,085,525 shares of the company’s stock valued at $60,662,000 after acquiring an additional 822,221 shares during the period. Gamco Investors INC. ET AL increased its stake in Patterson Companies by 6.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,906,285 shares of the company’s stock valued at $41,652,000 after buying an additional 108,421 shares during the period. Northern Trust Corp increased its stake in Patterson Companies by 0.8% in the 4th quarter. Northern Trust Corp now owns 1,355,228 shares of the company’s stock valued at $26,643,000 after buying an additional 10,272 shares during the period. Finally, LSV Asset Management increased its stake in Patterson Companies by 14.7% in the 1st quarter. LSV Asset Management now owns 1,200,054 shares of the company’s stock valued at $26,221,000 after buying an additional 153,542 shares during the period. Institutional investors own 93.65% 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.

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Analyst Recommendations for Patterson Companies (NASDAQ:PDCO)

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