Patterson Companies, Inc. (NASDAQ:PDCO) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $23.23.

PDCO has been the subject of a number of research reports. Morgan Stanley cut their price objective on Patterson Companies from $21.00 to $19.00 and set an “underweight” rating for the company in a report on Friday, August 31st. Zacks Investment Research lowered Patterson Companies from a “buy” rating to a “sell” rating in a research note on Monday, August 27th. Goldman Sachs Group assumed coverage on Patterson Companies in a research note on Friday, October 19th. They issued a “sell” rating and a $19.00 target price for the company. Barclays lowered their target price on Patterson Companies from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, August 31st. Finally, ValuEngine lowered Patterson Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

Shares of PDCO traded up $0.49 during midday trading on Monday, reaching $24.31. The stock had a trading volume of 1,058,200 shares, compared to its average volume of 2,164,382. Patterson Companies has a 12-month low of $20.22 and a 12-month high of $38.52. The company has a current ratio of 1.79, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.26 billion, a P/E ratio of 14.47, a PEG ratio of 3.28 and a beta of 1.01.

Patterson Companies (NASDAQ:PDCO) last posted its quarterly earnings data on Thursday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). Patterson Companies had a return on equity of 9.71% and a net margin of 3.01%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. Patterson Companies’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Patterson Companies will post 1.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Thursday, October 11th. Patterson Companies’s payout ratio is 61.90%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDCO. BlackRock Inc. raised its position in shares of Patterson Companies by 3.8% in the 3rd quarter. BlackRock Inc. now owns 9,341,464 shares of the company’s stock worth $228,399,000 after acquiring an additional 338,299 shares in the last quarter. Fairpointe Capital LLC raised its position in shares of Patterson Companies by 4.1% in the 2nd quarter. Fairpointe Capital LLC now owns 4,994,076 shares of the company’s stock worth $113,216,000 after acquiring an additional 196,038 shares in the last quarter. FMR LLC grew its stake in shares of Patterson Companies by 100.5% in the 2nd quarter. FMR LLC now owns 4,692,969 shares of the company’s stock worth $106,389,000 after buying an additional 2,352,041 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Patterson Companies by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,773,689 shares of the company’s stock worth $62,879,000 after buying an additional 124,738 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Patterson Companies by 24.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,127,294 shares of the company’s stock worth $48,226,000 after buying an additional 416,664 shares during the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

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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