Patterson Companies Receives Consensus Rating of “Hold” from Analysts (NASDAQ:PDCO)
Patterson Companies (NASDAQ:PDCO) has earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, American Banking & Market News reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.00.
PDCO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Patterson Companies in a research note on Wednesday, August 13th. They now have a $41.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Patterson Companies in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, down previously from $44.00. Finally, analysts at Goldman Sachs cut their price target on shares of Patterson Companies from $35.00 to $34.00 in a research note on Friday, May 23rd.
Patterson Companies (NASDAQ:PDCO) opened at 39.10 on Thursday. Patterson Companies has a one year low of $36.59 and a one year high of $44.39. The stock’s 50-day moving average is $39.24 and its 200-day moving average is $40.26. The company has a market cap of $3.899 billion and a P/E ratio of 19.88.
Patterson Companies (NASDAQ:PDCO) last issued its quarterly earnings data 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. On average, analysts predict that Patterson Companies will post $2.26 earnings per share 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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