Patterson Companies (NASDAQ:PDCO) Price Target & New Coverage by Deutsche Bank
Equity analysts at Deutsche Bank started coverage on shares of Patterson Companies (NASDAQ:PDCO) in a report revealed to investors and clients on Wednesday, 15 March. The financial company set Hold rating on the stock. Deutsche Bank’s target price per share of $45.0 suggests potential of -0.40 % from the stock’s current price.
After the coverage NASDAQ:PDCO is at the moment trading 0.00% lower at $45.18 as of 8:43 AM New York time. Patterson Companies’s stock is 0% in the past 200 days. It has underperformed the S&P 500 Index, which has gained 13.17% in the same time period.
Out of 8 brokers covering Patterson Companies, 5 rate it a Buy, 6 indicate a Hold while 2 suggest a Sell. The highest target is $65 and the lowest is $39 according to Thomson/First Call. The 12-month mean target is $51.5, which means upside potential of 13.99% over the current price.
Nuance Investments Llc had the largest stake with ownership of 1.02 million shares as of q2 2015 for 4.62% of the US equity exposure. Sector Gamma As is another bullish investment manager who is possessing 345,792 shares of Patterson Companies or 3.02% of their US equity exposure. Furthermore, Farr Miller & Washington Llc Dc have 2.35% of their US equity exposure invested in the company for 470,913 shares. The Minnesota-based fund Windsor Financial Group Llc revealed it had acquired a stake worth about 2.2% of the investment manager’s stock portfolio in Patterson Companies. The California-based fund Meritage Group Lp is also positive about the stock, possessing 102,249 shares or 1.92% of their US equity exposure.
Patterson Companies (NASDAQ:PDCO) Profile
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 dental supply segment provides a range of consumable dental products, clinical and laboratory equipment, and value-added services to dentists, dental laboratories, institutions and other dental healthcare providers across North America.
Patterson Companies (NASDAQ:PDCO) closed at $45.18 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.06 million shares. Patterson Companies has a 52 week low of $36.46 and a 52 week high of $50.4. The company has a market cap of $4.38 billion and a P/E ratio of 24.31.
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