UBS Maintains a 'Neutral' on Patterson Companies (PDCO); Raising 'The Bar' and Estimates
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Price: $25.33 -1.55%
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 16
Rating Summary:
7 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 16
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UBS maintains a 'Neutral' on Patterson Companies (NASDAQ: PDCO) price target raised from $32 to $35.
Analyst, Steven Valiquette, said, "PDCO mgmt has shown a consistent recent annual guidance pattern with a view that dental equipment growth is always poised to re-accelerate each fiscal year. After a couple of years of falling short of initial goals, the +4.6% growth generated in FY12 was closer to initial views of “exceeding mid-single-digit growth views” when factoring in one less week in FY12. However, mgmt has once again set the bar high for FY13 by expecting to exceed +5-7% dental equipment market growth."
UBS raises FY13 EPS estimate from $2.07 to $2.12 and FY14 from $2.29 to $2.36.
For an analyst ratings summary and ratings history on Patterson Companies click here. For more ratings news on Patterson Companies click here.
Shares of Patterson Companies closed at $33.45 yesterday.
Analyst, Steven Valiquette, said, "PDCO mgmt has shown a consistent recent annual guidance pattern with a view that dental equipment growth is always poised to re-accelerate each fiscal year. After a couple of years of falling short of initial goals, the +4.6% growth generated in FY12 was closer to initial views of “exceeding mid-single-digit growth views” when factoring in one less week in FY12. However, mgmt has once again set the bar high for FY13 by expecting to exceed +5-7% dental equipment market growth."
UBS raises FY13 EPS estimate from $2.07 to $2.12 and FY14 from $2.29 to $2.36.
For an analyst ratings summary and ratings history on Patterson Companies click here. For more ratings news on Patterson Companies click here.
Shares of Patterson Companies closed at $33.45 yesterday.
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