Medical sector’s Patterson Companies (NASDAQ:PDCO)’s Buy rating Reiterated by Credit Suisse Group AG

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Patterson Companies (NASDAQ:PDCO)‘s stock had its Buy rating Reiterated by analysts at Credit Suisse Group AG in a research report issued to clients and investors. A price-to-earnings ratio of #N/A, market cap of 2.1B and a beta of 1.53.  Patterson Companies has a twelve month low $12.93 of  and a twelve month high of $25.70.

Shares of Patterson Companies traded down -$0.50 on Tuesday, reaching $22.00. 1159242 shares of the stock traded hands, compared to its average volume of 1350692. Shares of Patterson Companies at end of the day on Tuesday were at $22.00. The firm’s 50 day moving average is $18.1 and its 200 day moving average is 19.22.Patterson Companies  has a 12 month low of $21.83 and a 12 month high of $25.70. While on yearly highs and lows, Patterson Companies’s today has traded high as $22.64 and has touched $21.83 on the downward trend. See More Analyst Rating at: RATING

Patterson Companies (NASDAQ:PDCO) Moving Average Technical Analysis

5 day Moving Average is 21.49 And 5 day price change is 2.79 (0.1416)  with average volume for 5 day average is 2,211,780. While technical analysis for average 20 days shows significant difference, 20 day moving average is  20.01 and 20 day price change is 2.4 (0.1194) and average 20 day moving volume is 1,442,265. 50 day moving average is 18.1  and 50 day price change is 6.94 ( 0.446)  and with average volume for 50 days is : 1,340,306. 200 day moving average is 19.22  and 200 day price change is 4.1 (22.28%)  and with average volume for 200 days is : 1,242,195.

See More Analyst Rating at: RATING

Patterson Companies Earnings and What to expect: 

Patterson Companies last released its quarterly earnings results on June 24th, 2020. The reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.26. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.17 billion. Its revenue for the quarter was down 10.5% on a year-over-year basis. Patterson Companies has generated $1.55 earnings per share over the last year. Patterson Companies has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, September 3rd, 2020 based off prior year’s report dates.

Earnings for Patterson Companies are expected to grow by 26.12% in the coming year, from $1.34 to $1.69 per share. The P/E ratio of Patterson Companies is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Patterson Companies is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Patterson Companies has a PEG Ratio of 2.50. PEG Ratios above 1 indicate that a company could be overvalued. Patterson Companies has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.75%
  • On 1/11/2018 Insider Ann B. Gugino Sell 750 at average share price of $36.38 which equates to $27,285.00 in money value.
  • On 11/24/2017 Director John D Buck Buy 2,834 at average price of  $34.93 with total value of : Not Data Available
  • On 10/11/2017 CFO Ann B. Gugino Sell 750 at average price of  $36.73 with total value of : $27,547.50

What other brokers have to say about Patterson Companies :

  • 6/26/2020 – Patterson Companies had its price target raised by analysts at UBS Group AG from $20.00 to $21.00. They now have a “neutral” rating on the stock.
  • 6/24/2020 – Patterson Companies was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
  • 6/25/2020 – Patterson Companies had its price target raised by analysts at JPMorgan Chase & Co. from $19.00 to $21.00. They now have a “neutral” rating on the stock.
  • 6/25/2020 – Patterson Companies was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating. They now have a $21.00 price target on the stock, up previously from $11.00.

Other firm’s rating by Credit Suisse Group AG:

  • 6/29/2020 – Zalando was given a new €67.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 6/29/2020 – Santen Pharmaceutical was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating.
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $60.00 price target on the stock.
  • 6/29/2020 – Warner Music Group is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $37.00 price target on the stock.

See More Analyst Rating at: RATING