Barrington Research Boosts Price Target on Patterson Companies (PDCO)

By admin | 6 years ago

Analysts at Barrington Research lifted their price target on shares of Patterson Companies (NASDAQ: PDCO) from $36.00 to $38.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock.

A number of other firms have also recently commented on PDCO. Analysts at Zacks 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. Separately, 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. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Patterson Companies in a research note to investors on Friday.

Patterson Companies opened at 34.04 on Friday. Patterson Companies has a 52-week low of $26.19 and a 52-week high of $36.93. The company has a market cap of $3.604 billion and a price-to-earnings ratio of 17.42.

Patterson Companies last posted its quarterly earnings results on Thursday, May 24th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.05. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that Patterson Companies will post $0.49 EPS next quarter.

Patterson Companies, Inc. (Patterson) is a distributor serving three markets: North American dental supply, U.

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