I'm LongbridgeAI, I can summarize articles.StockNews.com has initiated coverage on Patterson Companies (NASDAQ:PDCO), assigning a "hold" rating. Morgan Stanley also raised its price target for the stock from $27.00 to $31.35, maintaining an "equal weight" rating. Currently, Patterson Companies has a consensus rating of "Hold" with a target price of $26.57. The stock opened at $30.91, with a market cap of $2.73 billion and a price-to-earnings ratio of 18.08. Institutional investors hold 85.43% of the stock, indicating strong interest in the company.
Analysts at StockNews.com began coverage on shares of Patterson Companies (NASDAQ:PDCO - Get Free Report) in a report issued on Saturday. The firm set a "hold" rating on the stock.
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Separately, Morgan Stanley upped their price objective on shares of Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.57.
Get Our Latest Stock Analysis on PDCO
Patterson Companies Price Performance
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NASDAQ:PDCO opened at $30.91 on Friday. 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 company has a 50 day moving average price of $31.11 and a 200-day moving average price of $27.31. Patterson Companies has a 1-year low of $19.45 and a 1-year high of $31.79. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Values First Advisors Inc. raised its holdings in shares of Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company's stock valued at $369,000 after acquiring an additional 337 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Patterson Companies by 4.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,242 shares of the company's stock valued at $254,000 after purchasing an additional 363 shares during the last quarter. Huntington National Bank raised its stake in Patterson Companies by 54.0% in the 4th quarter. Huntington National Bank now owns 1,115 shares of the company's stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Patterson Companies by 20.5% in the 3rd quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock valued at $51,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Patterson Companies by 18.0% during the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock worth $84,000 after purchasing an additional 417 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.
Patterson Companies Company Profile
(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.
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