Jefferies Group reiterated their neutral rating on shares of Patterson Cos. (NASDAQ:PDCO) in a research report sent to investors on Friday morning. Jefferies Group currently has a $48.00 target price on the stock.

PDCO has been the topic of several other research reports. Off Wall Street reissued a sell rating on shares of Patterson Cos. in a research report on Wednesday, November 23rd. Zacks Investment Research lowered shares of Patterson Cos. from a hold rating to a sell rating in a research report on Tuesday, August 16th. TheStreet lowered shares of Patterson Cos. from a buy rating to a hold rating in a report on Thursday, September 1st. Northcoast Research reaffirmed a buy rating on shares of Patterson Cos. in a report on Tuesday, November 1st. Finally, Robert W. Baird set a $48.00 target price on shares of Patterson Cos. and gave the stock a hold rating in a report on Tuesday, November 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $45.33.

Analyst Recommendations for Patterson Cos. (NASDAQ:PDCO)

Shares of Patterson Cos. (NASDAQ:PDCO) opened at 38.87 on Friday. The firm has a 50-day moving average of $44.75 and a 200-day moving average of $46.63. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 18.05 and a beta of 0.97. Patterson Cos. has a 12 month low of $36.46 and a 12 month high of $50.40.

Patterson Cos. (NASDAQ:PDCO) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.04. Patterson Cos. had a net margin of 3.69% and a return on equity of 17.17%. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $0.56 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts anticipate that Patterson Cos. will post $2.57 EPS for the current year.

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Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Patterson Cos. by 1.6% in the second quarter. Vanguard Group Inc. now owns 7,763,526 shares of the company’s stock worth $371,795,000 after buying an additional 122,202 shares during the period. Parnassus Investments CA boosted its stake in shares of Patterson Cos. by 0.3% in the third quarter. Parnassus Investments CA now owns 7,077,566 shares of the company’s stock worth $325,143,000 after buying an additional 21,592 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Patterson Cos. by 30.5% in the third quarter. Wells Fargo & Company MN now owns 3,492,088 shares of the company’s stock worth $160,426,000 after buying an additional 816,091 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Patterson Cos. by 2.3% in the third quarter. BlackRock Fund Advisors now owns 2,890,149 shares of the company’s stock worth $132,773,000 after buying an additional 65,947 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Patterson Cos. by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,615,682 shares of the company’s stock worth $120,164,000 after buying an additional 47,498 shares during the period. 79.77% of the stock is owned by institutional investors.

About Patterson Cos.

Patterson Companies, Inc is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.

5 Day Chart for NASDAQ:PDCO

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