Patterson Companies (NASDAQ:PDCO) Downgraded by BidaskClub to Buy

BidaskClub cut shares of Patterson Companies (NASDAQ:PDCO) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday, BidAskClub reports.

Other analysts have also recently issued reports about the company. ValuEngine upgraded Patterson Companies from a sell rating to a hold rating in a report on Wednesday, May 1st. Wolfe Research began coverage on Patterson Companies in a report on Thursday, May 30th. They set an underperform rating for the company. Zacks Investment Research cut Patterson Companies from a hold rating to a sell rating and set a $19.00 price target for the company. in a report on Wednesday, May 29th. Finally, Guggenheim began coverage on Patterson Companies in a report on Wednesday, April 17th. They set a neutral rating and a $23.00 price target for the company. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $21.50.

Shares of NASDAQ:PDCO opened at $22.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 0.89. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.57 and a beta of 1.27. Patterson Companies has a 52-week low of $18.94 and a 52-week high of $26.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Patterson Companies by 14.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,971 shares of the company’s stock worth $117,000 after acquiring an additional 761 shares during the last quarter. Arizona State Retirement System raised its holdings in Patterson Companies by 1.2% during the 4th quarter. Arizona State Retirement System now owns 59,292 shares of the company’s stock valued at $1,166,000 after buying an additional 698 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Patterson Companies by 19.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 28,790 shares of the company’s stock valued at $566,000 after buying an additional 4,593 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Patterson Companies by 23.9% during the 4th quarter. Advisors Asset Management Inc. now owns 841,505 shares of the company’s stock valued at $16,544,000 after buying an additional 162,373 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Patterson Companies by 43.9% during the 4th quarter. Rhumbline Advisers now owns 327,761 shares of the company’s stock valued at $6,444,000 after buying an additional 99,987 shares during the last quarter. Institutional investors and hedge funds own 93.65% 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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