2.32% to Target, Barclays Reaffirms “Equal-Weight” Rating for EnLink Midstream Partners (ENLK) Stock; Last Week Patterson Companies, Inc. (PDCO) Coverage

April 17, 2018 - By Peter Erickson

Patterson Companies, Inc. (NASDAQ:PDCO) Logo

The financial firm have set price target of $15 on EnLink Midstream Partners (NYSE:ENLK) shares. This is 2.32% from the last stock price. In analysts note sent to investors and clients on Tuesday morning, Barclays restate their “Equal-Weight” rating on shares of ENLK.

Among 18 analysts covering Patterson Companies Inc. (NASDAQ:PDCO), 3 have Buy rating, 6 Sell and 9 Hold. Therefore 17% are positive. Patterson Companies Inc. had 46 analyst reports since August 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, March 1 by Northcoast. Piper Jaffray maintained the stock with “Hold” rating in Thursday, March 1 report. The rating was upgraded by UBS on Friday, August 25 to “Hold”. The firm earned “Neutral” rating on Thursday, October 6 by UBS. The rating was maintained by William Blair on Friday, August 28 with “Market Perform”. On Wednesday, January 6 the stock rating was upgraded by Evercore to “Buy”. The firm earned “Hold” rating on Thursday, November 16 by Stifel Nicolaus. The stock of Patterson Companies, Inc. (NASDAQ:PDCO) has “Outperform” rating given on Tuesday, January 3 by Robert W. Baird. As per Thursday, August 17, the company rating was maintained by Craig Hallum. The stock has “Underweight” rating by Morgan Stanley on Wednesday, December 6. See Patterson Companies, Inc. (NASDAQ:PDCO) latest ratings:

03/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $24.0000 Maintain
06/04/2018 Broker: Craig Hallum Old Rating: Hold New Rating: Buy Upgrade
08/03/2018 Broker: Barclays Capital Rating: Underweight New Target: $23 Initiates Coverage On
06/03/2018 Broker: Jefferies Rating: Hold New Target: $26.0 Maintain
05/03/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $36 New Target: $26 Maintain
01/03/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $28.0 Maintain
01/03/2018 Broker: Piper Jaffray Rating: Hold New Target: $26.0 Maintain
01/03/2018 Broker: Northcoast Rating: Buy New Target: $38.0 Maintain
02/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $31 New Target: $20 Maintain
01/03/2018 Broker: Evercore Rating: Sell New Target: $24.0 Downgrade

Among 21 analysts covering Enlink Midstream Partners (NYSE:ENLK), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Enlink Midstream Partners has $30 highest and $10 lowest target. $17.24’s average target is 17.60% above currents $14.66 stock price. Enlink Midstream Partners had 63 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, August 22 report. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, May 9. Stifel Nicolaus maintained it with “Buy” rating and $19.0 target in Thursday, September 7 report. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) earned “Buy” rating by Bank of America on Thursday, February 8. The firm earned “Outperform” rating on Thursday, January 12 by Raymond James. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, September 2. RBC Capital Markets maintained it with “Outperform” rating and $30 target in Thursday, August 6 report. As per Friday, June 16, the company rating was upgraded by Stifel Nicolaus. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Hold” rating given on Thursday, March 17 by Stifel Nicolaus. As per Wednesday, August 31, the company rating was maintained by Wunderlich.

The stock increased 1.03% or $0.15 during the last trading session, reaching $14.66. About 888,575 shares traded or 6.54% up from the average. EnLink Midstream Partners, LP (NYSE:ENLK) has declined 24.93% since April 17, 2017 and is downtrending. It has underperformed by 36.48% the S&P500.

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. The company has market cap of $5.16 billion. The firm provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids , crude oil, and condensate. It has a 293.2 P/E ratio. It connects the wells of natural gas producers to its gathering systems; processes natural gas for the removal of NGLs; fractionates NGLs into purity products; markets the purity products; and transports natural gas to various markets.

Analysts await EnLink Midstream Partners, LP (NYSE:ENLK) to report earnings on May, 1 after the close. They expect $0.05 earnings per share, up 600.00% or $0.06 from last year’s $-0.01 per share. ENLK’s profit will be $17.58M for 73.30 P/E if the $0.05 EPS becomes a reality. After $0.05 actual earnings per share reported by EnLink Midstream Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Patterson Companies, Inc. distributes and sells dental and animal health products in the United States, the United Kingdom, and Canada. The company has market cap of $2.18 billion. It operates through Dental and Animal Health divisions. It has a 9.13 P/E ratio. The companyÂ’s Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.25, from 1.25 in 2017Q3. It dived, as 57 investors sold Patterson Companies, Inc. shares while 113 reduced holdings. 66 funds opened positions while 104 raised stakes. 87.24 million shares or 1.30% less from 88.39 million shares in 2017Q3 were reported. Guyasuta Investment Advisors invested in 0.14% or 33,060 shares. Gateway Inv Advisers Lc has 0.05% invested in Patterson Companies, Inc. (NASDAQ:PDCO). Utah Retirement Sys holds 15,068 shares. Federated Pa accumulated 7,225 shares. Jarislowsky Fraser Ltd invested in 0% or 15,484 shares. Kbc Grp Inc Nv, Belgium-based fund reported 5,596 shares. 123,800 are held by Nippon Life Glob Investors Americas. Quantbot Technologies Lp holds 0.09% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 25,551 shares. Balyasny Asset Mgmt Ltd Liability Co has 306,291 shares for 0.03% of their portfolio. Wedge Capital Management L Lp Nc invested in 0.01% or 31,738 shares. Invesco holds 0.02% of its portfolio in Patterson Companies, Inc. (NASDAQ:PDCO) for 1.24M shares. Arcadia Investment Mi has 300 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems has 0% invested in Patterson Companies, Inc. (NASDAQ:PDCO) for 7,368 shares. Fenimore Asset Mgmt invested in 951,175 shares or 1.3% of the stock. Segall Bryant Hamill Limited Liability has invested 0.01% in Patterson Companies, Inc. (NASDAQ:PDCO).

The stock increased 1.16% or $0.27 during the last trading session, reaching $23.61. About 526,734 shares traded. Patterson Companies, Inc. (NASDAQ:PDCO) has declined 51.49% since April 17, 2017 and is downtrending. It has underperformed by 63.04% the S&P500.

Patterson Companies, Inc. (NASDAQ:PDCO) Institutional Positions Chart

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