Patterson Companies, Inc. (PDCO) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Patterson Companies, Inc. (NASDAQ:PDCO) have received an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $40.29.
Several research analysts have issued reports on PDCO shares. Zacks Investment Research raised Patterson Companies from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley cut Patterson Companies from an “equal weight” rating to an “underweight” rating and set a $42.00 target price on the stock. in a research report on Wednesday, December 6th. Deutsche Bank started coverage on Patterson Companies in a research report on Friday, December 8th. They issued a “hold” rating and a $37.00 target price on the stock. Piper Jaffray Companies started coverage on Patterson Companies in a research report on Thursday, October 19th. They issued a “neutral” rating and a $41.00 target price on the stock. Finally, BidaskClub cut Patterson Companies from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th.
In other news, insider Ann B. Gugino sold 750 shares of Patterson Companies stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $36.38, for a total transaction of $27,285.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John D. Buck acquired 2,834 shares of the stock in a transaction dated Friday, November 24th. The shares were bought at an average cost of $34.93 per share, for a total transaction of $98,991.62. Following the completion of the transaction, the director now owns 54,627 shares in the company, valued at $1,908,121.11. The disclosure for this purchase can be found here. 0.46% of the stock is owned by insiders.
Patterson Companies (PDCO) traded down $0.97 during midday trading on Friday, reaching $32.88. The company had a trading volume of 1,402,801 shares, compared to its average volume of 1,308,396. Patterson Companies has a 52 week low of $32.07 and a 52 week high of $48.29. The company has a market cap of $3,255.31, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.94 and a quick ratio of 1.10.
Patterson Companies (NASDAQ:PDCO) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). Patterson Companies had a return on equity of 15.19% and a net margin of 2.84%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business posted $0.56 earnings per share. Patterson Companies’s quarterly revenue was down 2.3% compared to the same quarter last year. equities research analysts anticipate that Patterson Companies will post 2.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.16%. Patterson Companies’s payout ratio is currently 62.28%.
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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.
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