Patterson Companies (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 2.33 by 6 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Evercore ISI Group downgrades its ratings on Patterson Companies (NASDAQ:PDCO). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 27, 2016.
Patterson Companies (NASDAQ:PDCO) shares are expected to touch $53.8 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 6.76. The target price could hit $65 on the higher end and $48 on the lower end.
Patterson Companies (NASDAQ:PDCO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.31% or 0.15 points. After the session commenced at $48.19, the stock reached the higher end at $48.31 while it hit a low of $47.83. With the volume soaring to 857,057 shares, the last trade was called at $47.91. The company has a 52-week high of $53.07. The company has a market cap of $4,747 million and there are 99,089,000 shares in outstanding. The 52-week low of the share price is $38.51.
Patterson Companies, Inc. has dropped 1.03% in the last five trading days, however, the shares have posted positive gains of 4.63% in the last 4 weeks. Patterson Companies, Inc. is up 5.2% in the last 3-month period. Year-to-Date the stock performance stands at 7.08%.
Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Companys dental supply segment provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. The Companys veterinary supply segment distributes veterinary supplies to companion-pet (dogs, cats and other common household pets), equine and large animal veterinarians and veterinary clinics, public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.