Patterson Cos. Inc. Reaches New 12-Month High at $42.70 (PDCO)
Patterson Cos. (NASDAQ:PDCO)’s share price reached a new 52-week high during trading hours on Friday, AnalystRatings.NET reports. The company traded as high as $42.70 and last traded at $42.64, with a volume of 501,819 shares traded. The stock had previously closed at $42.51.
PDCO has been the subject of a number of recent research reports. Analysts at Ned Davis Research downgraded shares of Patterson Cos. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, September 30th. Separately, analysts at UBS AG raised their price target on shares of Patterson Cos. from $43.00 to $47.00 in a research note to investors on Friday, August 23rd. They now have a “hold” rating on the stock. Finally, 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, August 23rd. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.96.
Patterson Cos. has a 52 week low of $31.36 and a 52 week high of $42.70. The stock’s 50-day moving average is $40.88 and its 200-day moving average is $39.74. The company has a market cap of $4.308 billion and a P/E ratio of 20.92.
Patterson Cos. (NASDAQ:PDCO) last announced its earnings results on Thursday, August 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Patterson Cos. will post $2.19 EPS for the current fiscal year.
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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