Shares of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) gapped down prior to trading on Tuesday . The stock had previously closed at $54.66, but opened at $56.33. DENTSPLY SIRONA shares last traded at $55.95, with a volume of 1,461,839 shares changing hands.

Several analysts have recently issued reports on the company. HC Wainwright restated a “buy” rating and issued a $68.00 price objective on shares of DENTSPLY SIRONA in a research report on Tuesday. Jefferies Group LLC reduced their price objective on DENTSPLY SIRONA from $72.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. BidaskClub downgraded DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, TheStreet downgraded DENTSPLY SIRONA from a “b” rating to a “c+” rating in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. DENTSPLY SIRONA presently has a consensus rating of “Hold” and an average price target of $65.67.

The firm has a 50-day moving average of $56.90 and a 200-day moving average of $61.30. The firm’s market cap is $13.13 billion.

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

Institutional investors have recently modified their holdings of the company. Veritas Asset Management LLP boosted its position in shares of DENTSPLY SIRONA by 2.6% in the second quarter. Veritas Asset Management LLP now owns 6,201,155 shares of the medical instruments supplier’s stock worth $402,083,000 after buying an additional 157,616 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in DENTSPLY SIRONA by 78.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 11,886 shares of the medical instruments supplier’s stock valued at $771,000 after purchasing an additional 5,236 shares during the last quarter. Royce & Associates LP boosted its position in DENTSPLY SIRONA by 23.4% during the second quarter. Royce & Associates LP now owns 126,650 shares of the medical instruments supplier’s stock valued at $8,212,000 after purchasing an additional 24,000 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in DENTSPLY SIRONA by 8.4% during the second quarter. Gateway Investment Advisers LLC now owns 19,408 shares of the medical instruments supplier’s stock valued at $1,258,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in DENTSPLY SIRONA by 3.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 710,579 shares of the medical instruments supplier’s stock valued at $44,369,000 after purchasing an additional 21,456 shares during the last quarter. 93.87% of the stock is owned by institutional investors and hedge funds.

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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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