BidaskClub upgraded shares of Patterson Companies (NASDAQ:PDCO) from a buy rating to a strong-buy rating in a research report released on Tuesday, BidAskClub reports.

Several other equities analysts also recently commented on PDCO. JPMorgan Chase & Co. upped their price objective on Patterson Companies from $19.00 to $21.00 and gave the company a neutral rating in a research report on Thursday, June 25th. Credit Suisse Group reissued a buy rating on shares of Patterson Companies in a research report on Monday. TheStreet downgraded Patterson Companies from a c rating to a d+ rating in a research report on Wednesday, June 24th. Goldman Sachs Group raised Patterson Companies from a sell rating to a neutral rating and increased their price target for the stock from $11.00 to $21.00 in a research report on Thursday, June 25th. Finally, ValuEngine raised Patterson Companies from a sell rating to a hold rating in a research report on Friday, May 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Patterson Companies currently has an average rating of Hold and a consensus target price of $22.11.

Shares of Patterson Companies stock opened at $22.01 on Tuesday. The stock’s fifty day moving average is $19.11 and its two-hundred day moving average is $19.66. The company has a market capitalization of $2.11 billion, a PE ratio of -3.53, a price-to-earnings-growth ratio of 2.42 and a beta of 1.56. The company has a quick ratio of 0.69, a current ratio of 1.44 and a debt-to-equity ratio of 0.76. Patterson Companies has a 52 week low of $12.93 and a 52 week high of $25.70.

Patterson Companies (NASDAQ:PDCO) last announced its quarterly earnings data on Wednesday, June 24th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.26. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.17 billion. Patterson Companies had a positive return on equity of 11.20% and a negative net margin of 10.72%. Patterson Companies’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. As a group, research analysts anticipate that Patterson Companies will post 1.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Thursday, July 16th. Patterson Companies’s dividend payout ratio (DPR) is currently 67.10%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Patterson Companies by 0.4% during the 1st quarter. State Street Corp now owns 3,040,212 shares of the company’s stock worth $46,485,000 after purchasing an additional 12,534 shares during the last quarter. Victory Capital Management Inc. raised its stake in Patterson Companies by 1,609.1% in the first quarter. Victory Capital Management Inc. now owns 2,333,120 shares of the company’s stock valued at $35,673,000 after buying an additional 2,196,609 shares during the last quarter. Geode Capital Management LLC raised its stake in Patterson Companies by 7.5% in the first quarter. Geode Capital Management LLC now owns 1,295,686 shares of the company’s stock valued at $19,811,000 after buying an additional 90,075 shares during the last quarter. Norges Bank purchased a new stake in Patterson Companies in the fourth quarter valued at about $18,687,000. Finally, Westwood Holdings Group Inc. raised its stake in Patterson Companies by 624.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 851,845 shares of the company’s stock valued at $17,446,000 after buying an additional 734,285 shares during the last quarter. Hedge funds and other institutional investors own 88.04% of the company’s stock.

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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