DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s share price was down 5.8% during trading on Monday . The stock traded as low as $54.91 and last traded at $56.33. Approximately 6,473,086 shares traded hands during mid-day trading, an increase of 275% from the average daily volume of 1,728,310 shares. The stock had previously closed at $59.81.

A number of research firms have recently weighed in on XRAY. BidaskClub lowered DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. HC Wainwright began coverage on DENTSPLY SIRONA in a research note on Tuesday, July 11th. They set a “buy” rating and a $74.00 target price on the stock. Credit Suisse Group reissued an “outperform” rating and set a $75.00 target price (up previously from $67.00) on shares of DENTSPLY SIRONA in a research note on Thursday, July 13th. Zacks Investment Research raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $66.00 price target (down from $70.00) on shares of DENTSPLY SIRONA in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $65.80.

The stock’s market capitalization is $12.93 billion. The company’s 50-day moving average price is $56.77 and its 200 day moving average price is $61.39.

DENTSPLY SIRONA (NASDAQ:XRAY) last posted its quarterly earnings data on Wednesday, August 9th. The medical instruments supplier reported $0.65 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.65. DENTSPLY SIRONA had a positive return on equity of 7.24% and a negative net margin of 20.57%. The company had revenue of $992.70 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.76 EPS. DENTSPLY SIRONA’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that DENTSPLY SIRONA Inc. will post $2.68 EPS for the current year.

Several large investors have recently modified their holdings of the company. Commonwealth Bank of Australia raised its stake in DENTSPLY SIRONA by 19.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,626 shares of the medical instruments supplier’s stock valued at $104,000 after purchasing an additional 260 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at $113,000. Dupont Capital Management Corp purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at $116,000. Korea Investment CORP lifted its holdings in DENTSPLY SIRONA by 139.9% in the 2nd quarter. Korea Investment CORP now owns 2,145 shares of the medical instruments supplier’s stock valued at $139,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Sphera Funds Management LTD. purchased a new position in DENTSPLY SIRONA in the 2nd quarter valued at $162,000. 93.87% of the stock is currently owned by hedge funds and other institutional investors.

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DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc is a manufacturer of professional dental products and technologies. The Company develops, manufactures, and markets solutions offering, including dental and oral health products, as well as other consumable medical devices. It operates through two segments: Dental and Healthcare Consumables, and Technologies.

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