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

DENTSPLY SIRONA (NASDAQ:XRAY) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

XRAY has been the topic of a number of other reports. Wells Fargo & Company started coverage on shares of DENTSPLY SIRONA in a research report on Friday. They set an “equal weight” rating and a $20.00 target price on the stock. Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $20.00 in a research note on Thursday, January 23rd. Morgan Stanley lowered their target price on shares of DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Evercore ISI reiterated an “in-line” rating and set a $20.00 price objective on shares of DENTSPLY SIRONA in a research note on Tuesday, January 7th. Finally, Robert W. Baird lowered their price objective on shares of DENTSPLY SIRONA from $31.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.85.

DENTSPLY SIRONA Stock Performance

DENTSPLY SIRONA stock opened at $18.32 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.84. DENTSPLY SIRONA has a 1-year low of $17.21 and a 1-year high of $34.91. The firm has a market capitalization of $3.64 billion, a P/E ratio of -8.85, a price-to-earnings-growth ratio of 1.83 and a beta of 0.96. The company’s 50-day moving average is $18.99 and its 200 day moving average is $21.83.

Institutional Trading of DENTSPLY SIRONA

A number of hedge funds have recently bought and sold shares of the business. CWM LLC boosted its position in shares of DENTSPLY SIRONA by 118.2% during the 3rd quarter. CWM LLC now owns 7,337 shares of the medical instruments supplier’s stock worth $199,000 after purchasing an additional 3,975 shares during the period. Blue Trust Inc. lifted its holdings in DENTSPLY SIRONA by 15.1% during the 3rd quarter. Blue Trust Inc. now owns 6,492 shares of the medical instruments supplier’s stock worth $162,000 after buying an additional 854 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in DENTSPLY SIRONA during the 3rd quarter worth approximately $230,000. Country Club Bank acquired a new stake in DENTSPLY SIRONA during the 3rd quarter worth approximately $4,084,000. Finally, Allworth Financial LP lifted its holdings in DENTSPLY SIRONA by 40.2% during the 3rd quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after buying an additional 625 shares in the last quarter. Institutional investors and hedge funds own 95.70% of the company’s stock.

DENTSPLY SIRONA Company Profile

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.