Patterson Cos. PT Raised to $47.00 (PDCO)
UBS AG boosted their price objective on shares of Patterson Cos. (NASDAQ:PDCO) from $43.00 to $47.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. UBS AG’s price objective indicates a potential upside of 16.19% from the stock’s previous close.
Shares of Patterson Cos. (NASDAQ:PDCO) traded down 1.37% during mid-day trading on Friday, hitting $40.45. The stock had a trading volume of 702,621 shares. Patterson Cos. has a one year low of $31.36 and a one year high of $42.69. The stock has a 50-day moving average of $40.76 and a 200-day moving average of $38.49. The company has a market cap of $4.087 billion and a price-to-earnings ratio of 20.18.
Patterson Cos. (NASDAQ:PDCO) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.46 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.02. The company had revenue of $880.10 million for the quarter, compared to the consensus estimate of $914.57 million. During the same quarter last year, the company posted $0.45 earnings per share. Patterson Cos.’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Patterson Cos. will post $2.18 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray Cos. raised their price target on shares of Patterson Cos. from $38.00 to $40.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Patterson Cos. from $36.00 to $40.00 in a research note to investors on Friday. They now have an “underperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Patterson Cos. in a research note to investors on Friday. They now have a $43.00 price target on the stock.
Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Patterson Cos. currently has a consensus rating of “Hold” and an average price target of $39.96.
Patterson Companies, Inc (NASDAQ:PDCO) is a distributor serving three markets: the United States companion animal (dogs, cats and other common household pets) and equine veterinary supply, and the worldwide rehabilitation and assistive products supply market.
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