Stifel Nicolaus Cuts DENTSPLY SIRONA (NASDAQ:XRAY) Price Target to $17.00

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) had its target price reduced by equities research analysts at Stifel Nicolaus from $19.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the medical instruments supplier's stock. Stifel Nicolaus' target price would suggest a potential upside of 33.39% from the stock's current price.

• Dentsply Stock is Repricing Itself

Several other analysts also recently weighed in on the stock. Piper Sandler lowered their price target on shares of DENTSPLY SIRONA from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen raised shares of DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Morgan Stanley downgraded shares of DENTSPLY SIRONA from an "overweight" rating to an "equal weight" rating and set a $14.00 price target for the company. in a research note on Tuesday, April 15th. Needham & Company LLC reissued a "hold" rating on shares of DENTSPLY SIRONA in a research note on Monday, July 21st. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 price target on shares of DENTSPLY SIRONA in a research note on Tuesday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, DENTSPLY SIRONA currently has a consensus rating of "Hold" and an average price target of $19.36.

Read Our Latest Analysis on DENTSPLY SIRONA

DENTSPLY SIRONA Price Performance

Shares of NASDAQ XRAY traded down $0.49 during mid-day trading on Friday, reaching $12.75. 847,438 shares of the company were exchanged, compared to its average volume of 2,931,700. DENTSPLY SIRONA has a 52 week low of $12.16 and a 52 week high of $27.48. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.54 billion, a PE ratio of -2.81, a PEG ratio of 0.97 and a beta of 0.94. The company's 50 day moving average price is $15.77 and its 200 day moving average price is $15.96.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The medical instruments supplier reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $936.00 million during the quarter, compared to the consensus estimate of $929.67 million. DENTSPLY SIRONA had a negative net margin of 24.42% and a positive return on equity of 14.31%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Sell-side analysts forecast that DENTSPLY SIRONA will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of DENTSPLY SIRONA

Several large investors have recently bought and sold shares of the company. Colonial Trust Co SC purchased a new position in DENTSPLY SIRONA in the 4th quarter worth approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of DENTSPLY SIRONA during the 1st quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new position in DENTSPLY SIRONA in the 2nd quarter worth $27,000. Parkside Financial Bank & Trust boosted its holdings in DENTSPLY SIRONA by 620.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier's stock worth $27,000 after buying an additional 1,477 shares during the period. Finally, Brooklyn Investment Group bought a new position in DENTSPLY SIRONA in the 1st quarter worth $26,000. 95.70% of the stock is owned by institutional investors.

DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform.

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