Patterson Companies Receives “Hold” Rating from Eleven Brokerages

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Patterson Companies ($NASDAQ:PDCO), Inc. is a leading distributor of dental, veterinary, and rehabilitation supplies in the United States and internationally. As a publicly-traded company, Patterson Companies’ stock is closely monitored by analysts and financial experts. Recently, eleven brokerages have been actively covering Patterson Companies’ stock and have collectively given it a “Hold” rating. This indicates that the stock is expected to perform in line with the market and investors may want to hold onto their current positions rather than buying or selling. The average rating from these eleven brokerages suggests a neutral sentiment towards the company’s stock. A “Hold” rating is typically assigned when there is no significant upside or downside potential for a stock in the near future. This could be due to various factors such as stable financial performance, lack of major upcoming events or announcements, or a fair valuation of the stock.

It is important to note that this rating is not a recommendation to buy or sell the stock, but rather a reflection of the brokerages’ analysis and opinion on its current status. Patterson Companies’ stock has shown steady growth over the years, with a strong focus on customer satisfaction and expanding its product offerings. The “Hold” rating from eleven brokerages reflects their cautious approach towards the stock in light of these circumstances. In conclusion, Patterson Companies’ stock has received a “Hold” rating from eleven brokerages, indicating a neutral sentiment towards its performance. As always, investors are advised to do their own research and consult with their financial advisors before making any investment decisions. With its solid reputation and strong position in the healthcare industry, Patterson Companies remains a company to watch in the stock market.

Share Price

Patterson Companies, a leading distributor of dental, veterinary, and rehabilitation supplies, received a “hold” rating from eleven brokerages on Friday. The company’s stock opened at $21.15 and closed at $20.85 on the same day, marking a decrease of 0.76% from the previous closing price of $21.01. This rating is often given when there is no significant change in the company’s financial outlook or market conditions. It may also indicate that the stock is currently fairly valued and is not expected to see significant gains or losses in the near future. These expenses were partially offset by an increase in gross profit margin due to improved product mix and pricing.

Despite the decrease in net income, Patterson Companies’ CEO Mark Walchirk expressed optimism about the company’s performance in the coming year. He stated, “We are excited about the progress we are making on our strategic priorities and are confident in our ability to drive sustainable growth over the long term.” While the “hold” rating from eleven brokerages may suggest a neutral stance on Patterson Companies’ stock, investors should consider keeping an eye on the company’s performance in the upcoming quarters to make informed decisions about their investments. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Patterson Companies. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Patterson Companies. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Patterson Companies. More…

Key Ratios Snapshot

Some of the financial key ratios for Patterson Companies are shown below. More…

Analysis

After conducting a thorough analysis of PATTERSON COMPANIES, I have come to some key points regarding its overall wellbeing. First of all, it is important to note that PATTERSON COMPANIES has an intermediate health score of 4/10 based on our Star Chart analysis. This score takes into consideration the company’s cashflows and debt, and suggests that it may be able to ride out any potential crises without the risk of bankruptcy. Upon further examination of PATTERSON COMPANIES, it seems that the company is strong in terms of its dividend payouts. This means that the company has a track record of consistently and sustainably paying out dividends to its shareholders. This is an attractive quality for investors who are looking for a steady stream of income from their investments. In terms of other financial indicators, PATTERSON COMPANIES ranks as medium in terms of its asset strength, profitability, and growth potential. While it is not the strongest in these areas, it is also not the weakest. This suggests that the company may have room for improvement in terms of its asset management and growth strategies, but is also not struggling in these areas. Based on our analysis, we can classify PATTERSON COMPANIES as a ‘cow’ company. This means that it has a consistent track record of paying out dividends, which can be appealing to investors who prioritize stable returns over high growth potential. It is important to note, however, that this is just one aspect of the company’s overall performance and should not be the only factor considered when making investment decisions. Overall, I believe that investors who are interested in steady and reliable dividend payouts may be interested in PATTERSON COMPANIES. However, it is important for investors to also consider the company’s other financial indicators and external market factors before making any investment decisions. More…

Peers

The company’s competitors include PT Soho Global Health Tbk, BioGaia AB, and ForU Holdings Inc.

– PT Soho Global Health Tbk ($IDX:SOHO)

Soho Global Health Tbk is a leading healthcare company in Indonesia with a market cap of 7.04T as of 2022. The company has a strong focus on providing quality healthcare services to the Indonesian people. It has a wide range of products and services including hospitals, clinics, pharmacies, and medical equipment. The company has a strong focus on research and development to bring new and innovative products to the market. The company has a strong financial position with a return on equity of 15.28%.

– BioGaia AB ($LTS:0GTN)

Biogaia AB is a Swedish biotechnology company that develops, manufactures, and markets probiotic products for human and animal health. The company focuses on the development of lactic acid bacteria for the prevention and treatment of gastrointestinal diseases. Its products include Probio-Kid, a probiotic supplement for children; Probio-Stick, a probiotic supplement for adults; and BioGaia Protectis, a probiotic infant formula. Biogaia AB was founded in 1990 and is headquartered in Stockholm, Sweden.

– ForU Holdings Inc ($OTCPK:FORU)

Founded in 2013, U.S.-based ForU Holdings Inc is a provider of solar panel installation services. As of 2022, the company had a market capitalization of $3.61 million and a return on equity of 65.19%. The company’s solar panel installation services are available in the United States, Canada, and the United Kingdom.

Summary

Patterson Companies, Inc. currently has an average rating of “Hold” from eleven brokerages. This indicates a lack of strong consensus among analysts on whether to buy or sell the stock. This could potentially be due to a variety of factors, such as the company’s financial performance, industry trends, or future growth prospects.

Investors should carefully consider all available information before making any investment decisions in Patterson Companies, Inc., as there is no clear consensus among analysts on the stock’s potential. It is important to conduct thorough research and analysis to understand the potential risks and opportunities associated with investing in this company.