Barclays initiated coverage on shares of Patterson Companies (NASDAQ:PDCO) in a research report released on Thursday, Marketbeat Ratings reports. The firm issued an underweight rating and a $23.00 price target on the stock.
A number of other analysts also recently issued reports on PDCO. Zacks Investment Research downgraded shares of Patterson Companies from a buy rating to a hold rating in a report on Monday, March 5th. Jefferies Group reiterated a hold rating and issued a $26.00 price objective on shares of Patterson Companies in a report on Tuesday, March 6th. BidaskClub downgraded shares of Patterson Companies from a hold rating to a sell rating in a report on Thursday, March 1st. JPMorgan Chase & Co. lowered their target price on shares of Patterson Companies from $36.00 to $26.00 and set an underweight rating on the stock in a report on Monday, March 5th. Finally, Evercore ISI assumed coverage on shares of Patterson Companies in a report on Thursday, January 4th. They set an in-line rating and a $38.50 target price on the stock. Six analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $37.30.
Patterson Companies (PDCO) traded up $0.37 during midday trading on Thursday, hitting $25.29. 1,490,000 shares of the stock were exchanged, compared to its average volume of 2,803,603. The company has a quick ratio of 1.00, a current ratio of 1.80 and a debt-to-equity ratio of 0.64. Patterson Companies has a 12 month low of $22.57 and a 12 month high of $48.29. The firm has a market capitalization of $2,393.29, a P/E ratio of 12.22, a PEG ratio of 2.00 and a beta of 0.98.
In related news, insider Ann B. Gugino sold 750 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $36.38, for a total transaction of $27,285.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.46% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PDCO. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Patterson Companies in the fourth quarter valued at $212,000. Hanson McClain Inc. acquired a new position in shares of Patterson Companies in the fourth quarter valued at $265,000. Sawtooth Solutions LLC acquired a new position in shares of Patterson Companies in the fourth quarter valued at $1,034,000. Fairpointe Capital LLC increased its holdings in shares of Patterson Companies by 5.7% in the fourth quarter. Fairpointe Capital LLC now owns 3,974,188 shares of the company’s stock valued at $143,588,000 after purchasing an additional 213,341 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Patterson Companies in the fourth quarter valued at $921,000. Institutional investors and hedge funds own 94.25% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was published by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://baseballnewssource.com/2018/03/11/barclays-begins-coverage-on-patterson-companies-pdco/2010106.html.
Patterson Companies Company Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patterson Companies and related companies with MarketBeat.com's FREE daily email newsletter.