TipRanksStock Market NewsPDCO NewsPatterson Companies (PDCO) Receives a Hold from Robert W. Baird

Patterson Companies (PDCO) Receives a Hold from Robert W. Baird

Robert W. Baird analyst Jeff Johnson maintained a Hold rating on Patterson Companies (PDCOResearch Report) on March 21 and set a price target of $37.00. The company’s shares closed last Tuesday at $31.55.

According to TipRanks.com, Johnson is a 5-star analyst with an average return of 25.4% and a 64.2% success rate. Johnson covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Tandem Diabetes Care, and Envista Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Patterson Companies with a $36.20 average price target.

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Based on Patterson Companies’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.6 billion and net profit of $57.01 million. In comparison, last year the company earned revenue of $1.55 billion and had a net profit of $48.76 million.

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Patterson Cos., Inc. engages in dental and animal health supplies. It operates through the following segments: Dental, Animal Health, and Corporate. The Dental segment provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions an value-added services to dentists and dental laboratories. The Animal Health segment distributes animal health products, services and technologies to both the production-animal and companion-pet markets. The Corporate segment comprises general and administrative expenses, including home office support costs in areas such as information technology, finance, legal, human resources and facilities. The company was founded by John Patterson and Myron Fayette Patterson in 1877 and is headquartered in St. Paul, MN.

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