Patterson Companies, Inc. (NASDAQ:PDCO) Given Average Recommendation of “Hold” by Analysts

Patterson Companies, Inc. (NASDAQ:PDCO) has earned an average rating of “Hold” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $26.57.

Separately, StockNews.com assumed coverage on Patterson Companies in a report on Wednesday, May 14th. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Patterson Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDCO. Curat Global LLC purchased a new position in Patterson Companies during the 1st quarter worth approximately $25,000. Harbour Investments Inc. purchased a new position in Patterson Companies during the 4th quarter worth approximately $26,000. Huntington National Bank grew its position in Patterson Companies by 54.0% during the 4th quarter. Huntington National Bank now owns 1,115 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares in the last quarter. Quadrant Capital Group LLC grew its position in Patterson Companies by 501.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,883 shares of the company’s stock worth $58,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Patterson Companies by 779.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,041 shares of the company’s stock valued at $63,000 after acquiring an additional 1,809 shares in the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Patterson Companies Stock Performance

Shares of NASDAQ PDCO opened at $31.33 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $31.25 and a 200-day simple moving average of $29.25. The company has a market cap of $2.77 billion, a PE ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. Patterson Companies has a 12-month low of $19.45 and a 12-month high of $31.79.

About Patterson Companies

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.