Impact of Brokerage Rating on Patterson Companies, Inc.(PDCO)

Many Patterson Companies, Inc.(PDCO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Robert W. Baird on Jan 3, 2017 to Outperform, Raises Price Target to $ 47 from a previous price target of $38 .

Company has reported several Insider transactions to the SEC, on Dec 9, 2016, John D Buck (director) purchased 2,500 shares at 39.98 per share price.On Aug 30, 2016, Ann B Gugino (Executive Vice President & CFO) sold 750 shares at 46.22 per share price.On Sep 25, 2015, James W Wiltz (director) sold 5,000 shares at 45.14 per share price.

Patterson Companies Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.56 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $0.60. The company had revenue of $1418.20 million for the quarter, compared to analysts expectations of $1435.42 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Patterson Companies, Inc. (NASDAQ:PDCO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.44 by 9 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.

Patterson Companies, Inc. (NASDAQ:PDCO) should head towards $43 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $38 per share. The higher price estimate target is at $50 according to the Analysts.

Patterson Companies, Inc. (NASDAQ:PDCO) rose 0.79% or 0.34 points on Tuesday and made its way into the gainers of the day. After trading began at $43.08 the stock was seen hitting $43.6 as a peak level and $42.945 as the lowest level. The stock ended up at $43.49. The daily volume was measured at 912,506 shares. The 52-week high of the share price is $50.4 and the 52-week low is $36.46. The company has a market cap of $4,258 million.

Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.


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