Analysts Set DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Price Target at $28.40

DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.91.

Several research firms recently issued reports on XRAY. Leerink Partnrs cut DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Barrington Research reduced their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. StockNews.com cut shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Needham & Company LLC decreased their price objective on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Evercore ISI reduced their price target on shares of DENTSPLY SIRONA from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of institutional investors have recently modified their holdings of XRAY. UMB Bank n.a. grew its position in DENTSPLY SIRONA by 430.3% during the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 753 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DENTSPLY SIRONA during the third quarter valued at approximately $27,000. LRI Investments LLC raised its holdings in DENTSPLY SIRONA by 82.7% in the 2nd quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 564 shares during the last quarter. Kennebec Savings Bank bought a new position in DENTSPLY SIRONA in the 3rd quarter valued at approximately $35,000. Finally, Rothschild Investment LLC bought a new stake in shares of DENTSPLY SIRONA in the 2nd quarter worth $32,000. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Trading Up 1.2 %

Shares of XRAY stock opened at $18.70 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. The business has a 50-day moving average of $20.72 and a 200 day moving average of $23.85. The stock has a market capitalization of $3.72 billion, a PE ratio of -9.03, a P/E/G ratio of 1.93 and a beta of 0.97. DENTSPLY SIRONA has a 1-year low of $17.21 and a 1-year high of $37.60.

DENTSPLY SIRONA (NASDAQ:XRAY) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $951.00 million for the quarter, compared to the consensus estimate of $939.10 million. DENTSPLY SIRONA had a negative net margin of 10.59% and a positive return on equity of 12.62%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. As a group, sell-side analysts anticipate that DENTSPLY SIRONA will post 1.84 earnings per share for the current year.

DENTSPLY SIRONA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, December 27th. DENTSPLY SIRONA’s payout ratio is -30.92%.

About DENTSPLY SIRONA

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.