Auriga Reaffirms Buy Rating on Patterson Companies (PDCO)
Several other analysts have also recently commented on the stock. Analysts at SunTrust (NYSE: STI) initiated coverage on shares of Patterson Companies in a research note to investors on Wednesday, April 25th. They set a “buy” rating on the stock. Analysts at Barrington Research reiterated an “outperform” rating on shares of Patterson Companies in a research note to investors on Tuesday, February 28th. They now have a $36.00 price target on the stock.
Patterson Companies traded up 1.29% on Thursday, hitting $33.88. Patterson Companies has a 1-year low of $26.19 and a 1-year high of $35.16. The company has a market cap of $3.608 billion and a price-to-earnings ratio of 17.85.
Patterson Companies last released its earnings data on Thursday, May 24th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.05. Patterson Companies’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Patterson Companies will post $0.50 EPS next quarter.
Patterson Companies, Inc. (Patterson) is a distributor serving three markets: North American dental supply, U.