DENTSPLY SIRONA Inc. (NASDAQ:XRAY) Receives $14.25 Average Target Price from Analysts

Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) have received a consensus recommendation of “Reduce” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.25.

A number of research firms have recently issued reports on XRAY. Zacks Research downgraded shares of DENTSPLY SIRONA from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of DENTSPLY SIRONA in a research report on Wednesday, January 21st. Stifel Nicolaus set a $13.00 price target on DENTSPLY SIRONA in a research note on Thursday, November 6th. Barclays started coverage on DENTSPLY SIRONA in a research note on Monday, December 8th. They issued an “underweight” rating and a $12.00 price objective for the company. Finally, Robert W. Baird decreased their target price on DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 16th.

Insider Buying and Selling at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier sold 82,200 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $11.14, for a total transaction of $915,708.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On DENTSPLY SIRONA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of DENTSPLY SIRONA by 1,836.7% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,938 shares of the medical instruments supplier’s stock worth $1,344,000 after buying an additional 100,468 shares during the last quarter. Bank of Montreal Can raised its stake in DENTSPLY SIRONA by 8.2% during the 2nd quarter. Bank of Montreal Can now owns 352,524 shares of the medical instruments supplier’s stock worth $5,598,000 after acquiring an additional 26,610 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in DENTSPLY SIRONA by 38.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 804,934 shares of the medical instruments supplier’s stock worth $10,215,000 after acquiring an additional 223,339 shares in the last quarter. CWM LLC lifted its position in DENTSPLY SIRONA by 84.3% in the third quarter. CWM LLC now owns 420,470 shares of the medical instruments supplier’s stock valued at $5,336,000 after acquiring an additional 192,373 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in DENTSPLY SIRONA by 63.6% in the third quarter. Allianz Asset Management GmbH now owns 1,355,643 shares of the medical instruments supplier’s stock valued at $17,203,000 after acquiring an additional 526,973 shares in the last quarter. Hedge funds and other institutional investors own 95.70% of the company’s stock.

DENTSPLY SIRONA Stock Performance

NASDAQ XRAY opened at $12.49 on Friday. The stock has a fifty day simple moving average of $12.20 and a 200-day simple moving average of $12.50. The company has a current ratio of 1.47, a quick ratio of 0.99 and a debt-to-equity ratio of 1.36. The stock has a market cap of $2.49 billion, a PE ratio of -2.83, a P/E/G ratio of 0.98 and a beta of 1.01. DENTSPLY SIRONA has a twelve month low of $9.85 and a twelve month high of $19.27.

DENTSPLY SIRONA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Friday, December 26th. DENTSPLY SIRONA’s dividend payout ratio is currently -14.48%.

DENTSPLY SIRONA Company Profile

Dentsply Sirona Inc (NASDAQ: XRAY) is a leading global manufacturer of professional dental products and technologies. The company, formed through the merger of Dentsply International and Sirona Dental Systems in February 2016, brings together a long heritage of innovation in dental care. Headquartered in Charlotte, North Carolina, Dentsply Sirona develops and markets a comprehensive range of dental consumables, laboratory products, and advanced imaging and CAD/CAM systems.

The company’s product portfolio spans preventive, restorative, orthodontic, endodontic and surgical care.