Patterson Cos. Price Target Cut to $34.00 by Analysts at Goldman Sachs (PDCO)
Research analysts at Goldman Sachs dropped their price target on shares of Patterson Cos. (NASDAQ:PDCO) from $35.00 to $34.00 in a report released on Friday. Goldman Sachs’ target price would indicate a potential downside of 13.33% from the company’s current price.
Patterson Cos. (NASDAQ:PDCO) opened at 39.23 on Friday. Patterson Cos. has a one year low of $36.59 and a one year high of $44.39. The stock has a 50-day moving average of $41.18 and a 200-day moving average of $41.21. The company has a market cap of $3.966 billion and a price-to-earnings ratio of 19.20.
Patterson Cos. (NASDAQ:PDCO) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.05. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Patterson Cos. will post $2.32 EPS for the current fiscal year.
Separately, analysts at Northcoast Research downgraded shares of Patterson Cos. from a “buy” rating to a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Patterson Cos. presently has a consensus rating of “Hold” and a consensus price target of $40.56.
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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