I'm LongbridgeAI, I can summarize articles.StockNews.com has initiated coverage on Patterson Companies (NASDAQ:PDCO), assigning a "hold" rating. Other analysts have also provided ratings, with Mizuho giving a "neutral" rating and a $23 price target, while Robert W. Baird raised their target from $25 to $31. The stock has an average rating of "Hold" and a price target of $26.57. Patterson Companies operates in dental and animal health product distribution, with a market cap of $2.75 billion and a current stock price of $31.12.
Equities researchers at StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the stock.
Get Patterson Companies alerts:
- Patterson Companies Leverages Healthcare For Income Investors
Other equities research analysts have also issued reports about the stock. Mizuho initiated coverage on shares of Patterson Companies in a report on Wednesday, December 4th. They issued a "neutral" rating and a $23.00 price target on the stock. Robert W. Baird increased their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, December 5th. Morgan Stanley increased their target price on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research note on Tuesday, December 17th. Finally, Leerink Partnrs lowered shares of Patterson Companies from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.57.
Read Our Latest Stock Report on Patterson Companies
Patterson Companies Price Performance
- 3 Health Care Stocks Paying Reliable Dividends
NASDAQ PDCO opened at $31.12 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The stock's fifty day moving average price is $30.98 and its 200 day moving average price is $25.73. Patterson Companies has a 1 year low of $19.45 and a 1 year high of $31.79. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.71 and a beta of 0.99.
Institutional Trading of Patterson Companies
Institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Patterson Companies by 11.6% during the 3rd quarter. Van ECK Associates Corp now owns 72,717 shares of the company's stock worth $1,542,000 after purchasing an additional 7,585 shares during the last quarter. Atria Investments Inc increased its stake in shares of Patterson Companies by 10.6% during the third quarter. Atria Investments Inc now owns 10,115 shares of the company's stock worth $221,000 after acquiring an additional 973 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of Patterson Companies by 32.9% during the third quarter. Chartwell Investment Partners LLC now owns 359,681 shares of the company's stock worth $7,856,000 after acquiring an additional 88,968 shares during the period. Victory Capital Management Inc. increased its stake in shares of Patterson Companies by 3.9% during the third quarter. Victory Capital Management Inc. now owns 383,949 shares of the company's stock worth $8,385,000 after acquiring an additional 14,356 shares during the period. Finally, KBC Group NV increased its stake in shares of Patterson Companies by 32.7% during the third quarter. KBC Group NV now owns 2,757 shares of the company's stock worth $60,000 after acquiring an additional 680 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.
About Patterson Companies
(Get Free Report)- Recession-Proof Patterson Companies Is A Steal
Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.
See Also
- Five stocks we like better than Patterson Companies
- Insider Buying Explained: What Investors Need to Know
- How to Protect Your Portfolio When Inflation Is Rising
- Why is the Ex-Dividend Date Significant to Investors?
- 3 Tech Stocks Defying Sector Weakness and Thriving in 2025
- How to Use the MarketBeat Dividend Calculator
- Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Patterson Companies Right Now?
Before you consider Patterson Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Patterson Companies wasn't on the list.
While Patterson Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here