Raymond James Financial Services Advisors Increases Investment in Patterson Companies,
July 25, 2023
🌥️Trending News
Patterson Companies ($NASDAQ:PDCO), Inc. has received a major boost to their stock portfolio after Raymond James Financial Services Advisors Inc. announced an increase in their investment. Patterson Companies, Inc. is a leading provider of dental and animal health products and services, serving both professionals and patients in the United States, Canada, and Puerto Rico. The additional capital will allow the company to invest in new technology, hire new employees, and open new distribution centers. This increased investment is expected to generate stronger returns and create more value for its shareholders.
Raymond James Financial Services Advisors Inc. is confident that this increased stake in Patterson Companies, Inc. will generate positive returns for their clients, as the company continues to experience consistent growth and success in the dental and animal health markets. With this increased stake, Patterson Companies, Inc. is sure to reap the benefits of continued success in the dental and animal health markets.
Stock Price
The news of the increased investment has been seen as a positive sign for PATTERSON COMPANIES, indicating that Raymond James Financial Services Advisors Inc. is confident in the company’s potential growth and future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Patterson Companies. More…
| Total Revenues | Net Income | Net Margin |
| 6.47k | 207.56 | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Patterson Companies. More…
| Operations | Investing | Financing |
| -754.85 | 901.57 | -126.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Patterson Companies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.88k | 1.76k | 11.6 |
Key Ratios Snapshot
Some of the financial key ratios for Patterson Companies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 38.9% | 4.7% |
| FCF Margin | ROE | ROA |
| -12.7% | 17.1% | 6.6% |
Analysis
GoodWhale has conducted an analysis of PATTERSON COMPANIES‘ wellbeing to determine its suitability for potential investors. According to Star Chart, PATTERSON COMPANIES is classified as ‘cow’, indicating that it has a track record of paying out consistent and sustainable dividends. By considering this, we can assume that investors looking for steady and reliable income streams would be interested in investing in PATTERSON COMPANIES. On further analysis, GoodWhale has given PATTERSON COMPANIES an intermediate health score of 4/10 with regard to its cashflows and debt. This indicates that while PATTERSON COMPANIES may be able to pay off its debt and fund future operations, it may not be the most lucrative investment option. In terms of other aspects of its wellbeing, PATTERSON COMPANIES is strong in dividend, medium in asset, profitability and weak in growth. 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
Raymond James Financial Services Advisors Inc. has taken a position in Patterson Companies, Inc. (“PATTERSON”), a U.S.-based distributor of healthcare products and services. The analysis suggests that PATTERSON is a good long-term investment opportunity, given its strong balance sheet, attractive dividend yield, and diverse revenue streams. The company’s future growth prospects are also supported by its geographic reach and market leadership in dental technology.
Additionally, PATTERSON’s recent acquisitions of Anser, NDX, and Pelton & Crane have positioned the company to expand its product and service offerings and enhance the customer experience. The analysis recommends that investors should consider PATTERSON for its potential for long-term growth and stability.
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