Patterson Cos Inc

Patterson Cos Inc Stock Forecast & Price Prediction

Live Patterson Cos Inc Stock (PDCO) Price
$20.85

14

Ratings

  • Buy 4
  • Hold 9
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$20.85

P/E Ratio

11.61

Volume Traded Today

$660,000

Dividend

$0.26

52 Week High/low

32.58/19.89

Patterson Cos Inc Market Cap

$1.85B

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PDCO Summary

Based on ratings from 14 stock analysts, the Patterson Cos Inc stock price is expected to increase by 26.28% in 12 months. This is calculated by using the average 12-month stock price forecast for Patterson Cos Inc. The lowest target is $22 and the highest is $30. Please note analyst price targets are not guaranteed and could be missed completely.

PDCO Analyst Ratings

Patterson Cos Inc has a total of 14 Wall St Analyst ratings. There are 4 buy ratings, 9 ratings, and 1 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Patterson Cos Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

PDCO stock forecast by analyst

These are the latest 20 analyst ratings of PDCO.

Analyst/Firm

Rating

Price Target

Change

Date

Ross Muken
Evercore ISI Group

In-Line

$22

Maintains

Oct 8, 2024
Michael Cherny
UBS

Neutral

$24

Maintains

Sep 5, 2024
Jeff Johnson
Baird

Neutral

$28

Maintains

Aug 29, 2024
Michael Cherny
B of A Securities

Buy

$29

Maintains

Aug 29, 2024
Michael Minchak
JP Morgan

Neutral

$26

Maintains

Aug 29, 2024
Ross Muken
Evercore ISI Group

In-Line

$23

Maintains

Aug 29, 2024
Ross Muken
Evercore ISI Group

In-Line

$25

Maintains

Jul 9, 2024
Erin Wright
Morgan Stanley

Equal-Weight

$28

Maintains

Jun 20, 2024
Michael Minchak
JP Morgan

Neutral

$29

Maintains

Jun 20, 2024
Michael Cherny
B of A Securities

Buy

$32

Maintains

May 20, 2024

Evercore ISI Group

In-Line

$27

Maintains

Apr 26, 2024
Michael Minchak
JP Morgan

Neutral

$30

Maintains

Mar 6, 2024
Jason Bednar
Piper Sandler

Neutral

$28

Downgrade

Feb 29, 2024
Michael Cherny
Leerink Partners

Outperform

$36

Initiates

Feb 26, 2024
Nathan Rich
Goldman Sachs

Neutral

$30

Maintains

Dec 1, 2023
Erin Wright
Morgan Stanley

Equal-Weight

$35

Maintains

Nov 30, 2023
Nathan Rich
Goldman Sachs

Neutral

$30

Maintains

Nov 30, 2023
Jason Bednar
Piper Sandler

Overweight

$34

Maintains

Nov 30, 2023
Jonathan Block
Stifel

Hold

$32

Reiterates

Nov 28, 2023
Jonathan Block
Stifel

Hold

$32

Reiterates

Aug 31, 2023

PDCO Company Information

What They Do: Distributes dental and animal health products.

Business Model: The company generates revenue through the distribution of dental and animal health products across three segments: Dental, Animal Health, and Corporate. The Dental segment focuses on consumables, equipment, and practice optimization solutions for dental professionals, while the Animal Health segment offers a wide range of products and services to veterinarians and animal health retailers, including private label products.

Other Information: Founded in 1877 and headquartered in Saint Paul, Minnesota, the company has a long-standing history and a diverse customer base, including dentists, laboratories, healthcare professionals, and veterinarians. Its commitment to innovation and customer service positions it well in the growing dental and animal health markets.
PDCO
Patterson Cos Inc (PDCO)

When did it IPO

1992

Staff Count

7,600

Country

United States

Sector/Industry

Healthcare/Medical Distribution

CEO

Mr. Donald J. Zurbay

Market Cap

$1.85B

Patterson Cos Inc (PDCO) Financial Data

In 2023, PDCO generated $6.47B in revenue, which was a decrease of -0.43% from the previous year. This can be seen as a signal that PDCO's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$5.91B

0.00 %
From Previous Year

Revenue From 2022

$6.50B

9.93 %
From Previous Year

Revenue From 2023

$6.47B

-0.43 %
From Previous Year
  • Revenue TTM $6.53B
  • Operating Margin TTM 2.1%
  • Gross profit TTM $1.38B
  • Return on assets TTM 5.6%
  • Return on equity TTM 16.3%
  • Profit Margin 2.6%
  • Book Value Per Share 10.80%
  • Market capitalisation $1.85B
  • Revenue for 2021 $5.91B
  • Revenue for 2022 $6.50B
  • Revenue for 2023 $6.47B
  • EPS this year (TTM) $1.81

Patterson Cos Inc (PDCO) Latest News

News Image

Wed, 23 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Patterson Companies Inc. appointed Kristin Dietzler as president of Patterson Dental for North America. She has nearly 30 years of experience in healthcare and will join the executive leadership team.

Why It Matters - The appointment of Kristin Dietzler as president could signal strategic shifts and operational improvements at Patterson Dental, potentially impacting profitability and stock performance.

News Image

Thu, 17 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Investors are optimistic about Patterson Companies due to its diverse product offerings.

Why It Matters - Optimism around Patterson Companies suggests potential growth and stability, which may drive stock prices higher and attract more investment interest.

News Image

Fri, 27 Sep 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Patterson Cos. (PDCO) reported its earnings 30 days ago.

Why It Matters - Earnings reports indicate company performance and can impact stock prices. Patterson Cos.' recent earnings may influence investor sentiment and market positioning.

News Image

Fri, 27 Sep 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Patterson Companies plans to invest in two businesses to enhance its animal health division.

Why It Matters - Patterson Companies' investment in two businesses signals growth potential in its animal health sector, likely enhancing profitability and market competitiveness, impacting stock performance positively.

News Image

Thu, 26 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Patterson Companies, Inc. (Nasdaq: PDCO) announced acquisitions of Infusion Concepts in the UK and Mountain Vet Supply in the US for its Animal Health business, enhancing its market position.

Why It Matters - Patterson Companies' acquisitions in the animal health sector signal growth potential and market expansion, likely enhancing revenue and competitiveness, which could positively impact stock performance.

News Image

Tue, 17 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Patterson Companies, Inc. declared a quarterly cash dividend of $0.26 per share, payable on November 1, 2024, to shareholders of record by October 18, 2024.

Why It Matters - The declaration of a quarterly cash dividend signals financial stability and commitment to returning value to shareholders, which can boost investor confidence and attract new investment.

...

PDCO Frequently asked questions

The highest forecasted price for PDCO is $30 from Nathan Rich at Goldman Sachs.

The lowest forecasted price for PDCO is $22 from from Baird

The PDCO analyst ratings consensus are 4 buy ratings, 9 hold ratings, and 1 sell ratings.