StockNews.com Upgrades DENTSPLY SIRONA (NASDAQ:XRAY) to Buy | MarketBeat

2022-08-08 01:56:09 By : Ms. Lisa Lou

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DENTSPLY SIRONA (NASDAQ:XRAY - Get Rating) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Sunday.

Several other analysts have also commented on XRAY. UBS Group raised shares of DENTSPLY SIRONA from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $58.00 to $47.00 in a research report on Wednesday, June 1st. Robert W. Baird lowered shares of DENTSPLY SIRONA from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $67.00 to $48.00 in a research report on Tuesday, April 19th. HC Wainwright reduced their target price on shares of DENTSPLY SIRONA from $58.00 to $48.00 and set a "hold" rating for the company in a research note on Friday, April 22nd. Piper Sandler reduced their target price on shares of DENTSPLY SIRONA from $41.00 to $38.00 in a research note on Monday, July 11th. Finally, Barrington Research reduced their target price on shares of DENTSPLY SIRONA from $53.00 to $51.00 in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $48.11.DENTSPLY SIRONA Stock Up 2.6 %

Shares of NASDAQ XRAY opened at $36.84 on Friday. The stock has a market capitalization of $7.94 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.89 and a beta of 0.91. The company has a 50-day moving average price of $36.56 and a 200-day moving average price of $43.90. DENTSPLY SIRONA has a 1 year low of $33.78 and a 1 year high of $63.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 1.03.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The medical instruments supplier reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. DENTSPLY SIRONA had a net margin of 8.81% and a return on equity of 11.63%. The company had revenue of $9.67 billion for the quarter, compared to analyst estimates of $982.05 million. During the same period last year, the firm earned $0.72 earnings per share. The firm's revenue was up 841.1% on a year-over-year basis. On average, equities research analysts forecast that DENTSPLY SIRONA will post 2.41 EPS for the current fiscal year. Institutional Investors Weigh In On DENTSPLY SIRONA

Hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. lifted its holdings in shares of DENTSPLY SIRONA by 26,666.7% in the 1st quarter. SOA Wealth Advisors LLC. now owns 803 shares of the medical instruments supplier's stock worth $39,000 after acquiring an additional 800 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of DENTSPLY SIRONA by 163.7% in the 1st quarter. Parkside Financial Bank & Trust now owns 915 shares of the medical instruments supplier's stock worth $46,000 after acquiring an additional 568 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of DENTSPLY SIRONA in the 4th quarter worth approximately $55,000. Van ECK Associates Corp bought a new stake in DENTSPLY SIRONA during the 2nd quarter valued at $41,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in DENTSPLY SIRONA during the 1st quarter valued at $79,000. 94.79% of the stock is currently owned by institutional investors. DENTSPLY SIRONA Company Profile (Get Rating)

DENTSPLY SIRONA Inc designs, develops, manufactures, distributes, and sells various dental products and technologies for professional dental market worldwide. It offers dental equipment, including treatment centers, imaging equipment, motorized dental handpieces, and other instruments; imaging equipment; treatment centers comprising basic dentist chairs, sophisticated chair-based units with integrated diagnostic, hygiene and ergonomic functionalities, and specialist centers; and lab equipment, such as amalgamators, mixing machines, and porcelain furnaces.Read MoreGet a free copy of the StockNews.com research report on DENTSPLY SIRONA (XRAY)MarketBeat: Week in Review 8/1 - 8/5How to Use High Beta Stocks to Maximize Your Investing ProfitsCronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's Cheap

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