Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have been given an average recommendation of “Buy” by the eleven brokerages that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $65.57.
XRAY has been the subject of a number of analyst reports. Zacks Investment Research cut DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a report on Monday, January 9th. Barrington Research raised DENTSPLY SIRONA from a “market perform” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Monday, December 5th. Morgan Stanley raised DENTSPLY SIRONA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $65.00 to $69.00 in a report on Tuesday, November 1st. They noted that the move was a valuation call. Finally, Jefferies Group LLC cut their price objective on DENTSPLY SIRONA from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, January 23rd.
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Shares of DENTSPLY SIRONA (NASDAQ:XRAY) opened at 58.39 on Wednesday. DENTSPLY SIRONA has a one year low of $54.05 and a one year high of $65.83. The firm has a 50-day moving average of $57.48 and a 200-day moving average of $59.37. The firm has a market capitalization of $13.48 billion, a P/E ratio of 30.51 and a beta of 1.21.
In related news, CEO James G. Mosch sold 30,400 shares of DENTSPLY SIRONA stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $60.93, for a total value of $1,852,272.00. Following the completion of the sale, the chief executive officer now directly owns 75,283 shares in the company, valued at $4,586,993.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.20% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in XRAY. Telemus Capital LLC raised its stake in shares of DENTSPLY SIRONA by 0.4% in the third quarter. Telemus Capital LLC now owns 7,852 shares of the company’s stock worth $467,000 after buying an additional 35 shares during the last quarter. Security National Bank of SO Dak raised its stake in shares of DENTSPLY SIRONA by 0.4% in the second quarter. Security National Bank of SO Dak now owns 17,491 shares of the company’s stock worth $1,085,000 after buying an additional 75 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of DENTSPLY SIRONA by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,460 shares of the company’s stock worth $1,157,000 after buying an additional 90 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of DENTSPLY SIRONA by 0.4% in the third quarter. Bbva Compass Bancshares Inc. now owns 22,324 shares of the company’s stock worth $1,326,000 after buying an additional 91 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of DENTSPLY SIRONA by 0.6% in the fourth quarter. Baird Financial Group Inc. now owns 15,958 shares of the company’s stock worth $921,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.
DENTSPLY SIRONA Company Profile
DENTSPLY SIRONA Inc, formerly DENTSPLY International Inc, designs, develops, manufactures and markets a range of consumable dental products for the professional dental market. The Company also manufactures and markets consumable medical device products consisting mainly of urological catheters and certain surgical products.
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