Needham & Company LLC Reiterates “Buy” Rating for DENTSPLY SIRONA (NASDAQ:XRAY)

DENTSPLY SIRONA (NASDAQ:XRAY)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They presently have a $25.00 target price on the medical instruments supplier’s stock. Needham & Company LLC’s price target indicates a potential upside of 36.43% from the stock’s current price.

Several other equities research analysts have also issued reports on XRAY. Mizuho assumed coverage on DENTSPLY SIRONA in a report on Wednesday, December 4th. They set a “neutral” rating and a $21.00 price target for the company. Leerink Partnrs lowered DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird reduced their target price on DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Leerink Partners lowered DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a report on Friday. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.33.

DENTSPLY SIRONA Stock Down 0.7 %

Shares of DENTSPLY SIRONA stock traded down $0.14 during trading on Tuesday, hitting $18.33. 511,507 shares of the stock traded hands, compared to its average volume of 2,262,461. The stock has a market cap of $3.64 billion, a P/E ratio of -8.86, a PEG ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.84 and a current ratio of 1.25. DENTSPLY SIRONA has a twelve month low of $17.21 and a twelve month high of $34.91. The company has a fifty day moving average price of $19.09 and a two-hundred day moving average price of $22.13.

Institutional Trading of DENTSPLY SIRONA

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its position in DENTSPLY SIRONA by 2.4% in the third quarter. State of Alaska Department of Revenue now owns 23,545 shares of the medical instruments supplier’s stock valued at $637,000 after acquiring an additional 560 shares during the period. UMB Bank n.a. grew its holdings in shares of DENTSPLY SIRONA by 60.8% during the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 564 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of DENTSPLY SIRONA by 2.1% during the third quarter. MML Investors Services LLC now owns 29,682 shares of the medical instruments supplier’s stock worth $803,000 after purchasing an additional 620 shares during the last quarter. Allworth Financial LP grew its holdings in shares of DENTSPLY SIRONA by 40.2% during the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after purchasing an additional 625 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of DENTSPLY SIRONA by 10.9% during the fourth quarter. Blue Trust Inc. now owns 7,199 shares of the medical instruments supplier’s stock worth $137,000 after purchasing an additional 707 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors.

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.