Analyst Rating Update on Patterson Companies (PDCO)

Patterson Companies (NASDAQ:PDCO) : 6 analysts are covering Patterson Companies (NASDAQ:PDCO) and their average rating on the stock is 2.33, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Patterson Companies (NASDAQ:PDCO) : The most positive equity analysts on Patterson Companies (NASDAQ:PDCO) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $48 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $53.8 with an expected fluctuation of $6.76 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Evercore ISI Group downgrades its view on Patterson Companies (NASDAQ:PDCO) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 27, 2016.

Patterson Companies (NASDAQ:PDCO): stock turned positive on Tuesday. Though the stock opened at $46.02, the bulls momentum made the stock top out at $46.57 level for the day. The stock recorded a low of $45.72 and closed the trading day at $46.44, in the green by 1.69%. The total traded volume for the day was 993,025. The stock had closed at $45.67 in the previous days trading.

In an insider trading activity,The officer (Vice President & CFO) of Patterson Companies, Inc., Gugino Ann B sold 750 shares at $48.86 on May 31, 2016. The Insider selling transaction had a total value worth of $36,645. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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