Shares of Patterson Companies Inc. (NASDAQ:PDCO) traded today at $36.00, eclipsing its 52-week high. This new high was reached on below average trading volume as 112,000 shares traded hands, while the average 30-day volume is approximately 792,000 shares.
Patterson is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through an acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market.
Patterson Companies Inc. share prices have moved between a 52-week high of $36.00 and a 52-week low of $12.93 and are now trading 176% above that low price at $35.72 per share.
There is potential upside of 6.7% for shares of Patterson Companies Inc. based on a current price of $35.72 and an average consensus analyst price target of $38.12.
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