DENTSPLY SIRONA (NASDAQ:XRAY) Shares Gap Up After Analyst Upgrade

DENTSPLY SIRONA Inc. (NASDAQ:XRAY)’s stock price gapped up before the market opened on Thursday after Bank of America upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $12.49, but opened at $13.12. Bank of America now has a $17.00 price target on the stock, up from their previous price target of $13.00. DENTSPLY SIRONA shares last traded at $12.7270, with a volume of 1,296,946 shares traded.

Several other equities research analysts also recently weighed in on XRAY. Barclays assumed coverage on shares of DENTSPLY SIRONA in a research note on Monday, December 8th. They set an “underweight” rating and a $12.00 target price on the stock. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of DENTSPLY SIRONA in a research report on Monday, January 5th. Mizuho increased their price objective on DENTSPLY SIRONA from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. UBS Group decreased their target price on DENTSPLY SIRONA from $17.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Finally, Robert W. Baird cut their price target on DENTSPLY SIRONA from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.46.

Insider Buying and Selling at DENTSPLY SIRONA

In related news, Director Gregory T. Lucier sold 82,200 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $11.14, for a total value of $915,708.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of DENTSPLY SIRONA

Several institutional investors and hedge funds have recently made changes to their positions in XRAY. Eurizon Capital SGR S.p.A. purchased a new stake in DENTSPLY SIRONA in the fourth quarter valued at approximately $26,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of DENTSPLY SIRONA in the 1st quarter valued at $26,000. Parkside Financial Bank & Trust raised its position in DENTSPLY SIRONA by 620.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,715 shares of the medical instruments supplier’s stock valued at $27,000 after purchasing an additional 1,477 shares during the last quarter. Huntington National Bank boosted its stake in DENTSPLY SIRONA by 292.9% during the 3rd quarter. Huntington National Bank now owns 2,786 shares of the medical instruments supplier’s stock worth $35,000 after purchasing an additional 2,077 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in DENTSPLY SIRONA by 337.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,750 shares of the medical instruments supplier’s stock valued at $35,000 after purchasing an additional 2,122 shares during the period. 95.70% of the stock is owned by hedge funds and other institutional investors.

DENTSPLY SIRONA Stock Up 0.2%

The firm has a market capitalization of $2.50 billion, a PE ratio of -2.83, a PEG ratio of 0.98 and a beta of 1.01. The business’s fifty day moving average price is $12.21 and its 200 day moving average price is $12.50. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 1.36.

DENTSPLY SIRONA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, December 26th. DENTSPLY SIRONA’s dividend payout ratio (DPR) is -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.