Robert W. Baird Cuts DENTSPLY SIRONA (NASDAQ:XRAY) Price Target to $20.00

DENTSPLY SIRONA (NASDAQ:XRAY) had its price target cut by research analysts at Robert W. Baird from $22.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the medical instruments supplier’s stock. Robert W. Baird’s target price points to a potential upside of 16.62% from the company’s previous close.

Other analysts have also issued research reports about the stock. Wells Fargo & Company began coverage on shares of DENTSPLY SIRONA in a report on Friday, February 14th. They set an “equal weight” rating and a $20.00 target price for the company. Leerink Partnrs cut DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. StockNews.com raised DENTSPLY SIRONA from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Barrington Research decreased their target price on DENTSPLY SIRONA from $36.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Jefferies Financial Group downgraded shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating and cut their price target for the company from $30.00 to $20.00 in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.00.

DENTSPLY SIRONA Stock Down 8.8 %

Shares of NASDAQ XRAY opened at $17.15 on Friday. DENTSPLY SIRONA has a 1 year low of $17.09 and a 1 year high of $34.91. The firm’s 50-day moving average is $18.90 and its 200-day moving average is $21.58. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.41 billion, a PE ratio of -8.28, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96.

Hedge Funds Weigh In On DENTSPLY SIRONA

A number of large investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake 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 purchasing an additional 560 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of DENTSPLY SIRONA by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 88,854 shares of the medical instruments supplier’s stock valued at $1,686,000 after purchasing an additional 560 shares during the period. UMB Bank n.a. lifted its stake in DENTSPLY SIRONA by 60.8% in the 4th quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock valued at $28,000 after purchasing an additional 564 shares during the last quarter. MML Investors Services LLC grew its holdings in 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 period. Finally, Allworth Financial LP increased its position in 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 buying an additional 625 shares during the last quarter. 95.70% of the stock is currently owned by institutional investors and hedge funds.

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.