Patterson Companies, Inc. (PDCO) Raised to Hold at UBS AG
UBS AG upgraded shares of Patterson Companies, Inc. (NASDAQ:PDCO) from a sell rating to a hold rating in a report published on Friday, www.flashratings.com reports. The firm currently has $40.00 price target on the stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Patterson Companies from a hold rating to a buy rating and set a $50.00 target price for the company in a report on Tuesday, May 2nd. BidaskClub upgraded Patterson Companies from a hold rating to a buy rating in a report on Thursday, June 15th. Jefferies Group LLC restated a hold rating and set a $40.00 target price on shares of Patterson Companies in a report on Monday, May 15th. Cleveland Research restated a hold rating on shares of Patterson Companies in a report on Tuesday, August 22nd. Finally, Credit Suisse Group restated an outperform rating and set a $50.00 target price (up from $45.00) on shares of Patterson Companies in a report on Thursday, July 13th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $42.89.
Shares of Patterson Companies (NASDAQ PDCO) opened at 37.75 on Friday. The company’s 50-day moving average is $40.34 and its 200-day moving average is $43.74. Patterson Companies has a 12-month low of $35.93 and a 12-month high of $49.26. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.93 and a beta of 0.95.
Patterson Companies (NASDAQ:PDCO) last announced its earnings results on Thursday, August 24th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. Patterson Companies had a return on equity of 15.51% and a net margin of 2.93%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business posted $0.51 EPS. Patterson Companies’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts predict that Patterson Companies will post $2.31 EPS for the current year.
In other news, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $42.40, for a total value of $31,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott P. Anderson sold 10,000 shares of Patterson Companies stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $46.76, for a total value of $467,600.00. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock valued at $532,273 in the last quarter. Company insiders own 0.46% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Patterson Companies by 27.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,300 shares of the company’s stock valued at $104,000 after buying an additional 500 shares during the period. Advisory Services Network LLC raised its stake in shares of Patterson Companies by 423.4% in the second quarter. Advisory Services Network LLC now owns 2,523 shares of the company’s stock valued at $118,000 after buying an additional 2,041 shares during the period. Invictus RG acquired a new stake in shares of Patterson Companies during the first quarter valued at $119,000. Commonwealth Bank of Australia raised its stake in shares of Patterson Companies by 15.9% in the second quarter. Commonwealth Bank of Australia now owns 3,027 shares of the company’s stock valued at $140,000 after buying an additional 415 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Patterson Companies by 29.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,079 shares of the company’s stock valued at $139,000 after buying an additional 698 shares during the period. Institutional investors and hedge funds own 88.59% of the company’s stock.
About Patterson Companies
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.
Receive News & Ratings for Patterson Companies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.