Patterson Companies (PDCO) Receives Price Target

Patterson Companies (PDCO) : The highest level Patterson Companies (PDCO) is projected to reach is $65 for the short term and the lowest estimate is at $44. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $52 and the possibility the share price can swing is $9.06.

Patterson Companies (PDCO) has an average broker rating of 2.57, which is interpreted as a Hold, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.


Also, In a research note released to the investors, Baird maintains its rating on Patterson Companies (NASDAQ:PDCO).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Baird lowers the new price target from $51 per share to $49 per share. The rating by the firm was issued on August 26, 2016.

Patterson Companies (NASDAQ:PDCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.14 and $45.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.03, notching a gain of 0.07% for the day. The total traded volume was 750,089 . The stock had closed at $46.00 on the previous day.

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.

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