Patterson Companies (NASDAQ:PDCO) Given a $24.00 Price Target by UBS Group Analysts

UBS Group set a $24.00 target price on Patterson Companies (NASDAQ:PDCO) in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on the company. BidaskClub cut Patterson Companies from a strong-buy rating to a buy rating in a research note on Thursday, March 7th. Guggenheim initiated coverage on Patterson Companies in a research note on Wednesday, April 17th. They issued a neutral rating and a $23.00 price target on the stock. ValuEngine raised Patterson Companies from a sell rating to a hold rating in a research note on Friday, March 1st. Wolfe Research initiated coverage on Patterson Companies in a research note on Thursday, May 30th. They issued an underperform rating on the stock. Finally, Zacks Investment Research raised Patterson Companies from a sell rating to a hold rating in a research note on Thursday, May 23rd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $21.86.

Shares of PDCO traded up $0.69 during mid-day trading on Tuesday, hitting $24.89. 191,173 shares of the company’s stock traded hands, compared to its average volume of 683,613. The company has a quick ratio of 0.89, a current ratio of 1.80 and a debt-to-equity ratio of 0.50. Patterson Companies has a 1 year low of $18.94 and a 1 year high of $26.60. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 2.77 and a beta of 1.27. The business has a 50-day simple moving average of $22.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, July 11th. Patterson Companies’s payout ratio is currently 61.90%.

A number of institutional investors have recently bought and sold shares of the stock. Virginia Retirement Systems ET AL increased its position in Patterson Companies by 3.4% during the fourth quarter. Virginia Retirement Systems ET AL now owns 15,300 shares of the company’s stock valued at $301,000 after acquiring an additional 500 shares during the last quarter. Brandes Investment Partners LP increased its position in Patterson Companies by 5.1% in the first quarter. Brandes Investment Partners LP now owns 11,074 shares of the company’s stock worth $242,000 after buying an additional 538 shares in the last quarter. Advisory Services Network LLC increased its position in Patterson Companies by 9.6% in the first quarter. Advisory Services Network LLC now owns 7,102 shares of the company’s stock worth $155,000 after buying an additional 620 shares in the last quarter. Royce & Associates LP increased its position in Patterson Companies by 34.4% in the first quarter. Royce & Associates LP now owns 2,553 shares of the company’s stock worth $56,000 after buying an additional 653 shares in the last quarter. Finally, Mason Street Advisors LLC increased its position in Patterson Companies by 1.5% in the first quarter. Mason Street Advisors LLC now owns 43,930 shares of the company’s stock worth $960,000 after buying an additional 659 shares in the last quarter. Institutional investors own 93.65% of the company’s stock.

About Patterson Companies

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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