Zacks Gives Neutral Rating to Patterson Companies (PDCO)
Shares of Patterson Companies opened at 34.04 on Friday. Patterson Companies has a one year low of $26.19 and a one year high of $36.93. The company has a market cap of $3.604 billion and a P/E ratio of 17.42.
Patterson Companies last announced its earnings results 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. On average, analysts predict that Patterson Companies will post $0.49 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Patterson Companies in a research note to investors on Friday. They now have a $35.00 price target on the stock, up previously from $32.00. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Patterson Companies in a research note to investors on Friday. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Patterson Companies to $34.00 in a research note to investors on Friday.
Patterson Companies, Inc. (Patterson) is a distributor serving three markets: North American dental supply, U.