DENTSPLY SIRONA (NASDAQ:XRAY) Shares Down 5.9%

DENTSPLY SIRONA Inc (NASDAQ:XRAY)’s share price traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $51.43 and last traded at $51.50, 2,203,633 shares traded hands during mid-day trading. An increase of 87% from the average session volume of 1,177,523 shares. The stock had previously closed at $54.72.

Several equities research analysts recently commented on XRAY shares. Stifel Nicolaus boosted their price target on shares of DENTSPLY SIRONA from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. HC Wainwright reaffirmed a “hold” rating and set a $60.00 price objective on shares of DENTSPLY SIRONA in a report on Friday, November 15th. BidaskClub lowered shares of DENTSPLY SIRONA from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Barclays reissued a “hold” rating and set a $64.00 target price on shares of DENTSPLY SIRONA in a research note on Sunday, January 19th. Finally, JPMorgan Chase & Co. downgraded shares of DENTSPLY SIRONA from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Wednesday, December 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $58.97.

The company has a market cap of $12.64 billion, a price-to-earnings ratio of 71.53, a PEG ratio of 1.78 and a beta of 0.92. The firm’s 50 day simple moving average is $58.02 and its 200-day simple moving average is $55.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 2.08.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of DENTSPLY SIRONA by 3.2% in the second quarter. BlackRock Inc. now owns 14,735,875 shares of the medical instruments supplier’s stock valued at $859,985,000 after purchasing an additional 458,934 shares in the last quarter. State Street Corp lifted its position in DENTSPLY SIRONA by 1.0% during the fourth quarter. State Street Corp now owns 9,714,353 shares of the medical instruments supplier’s stock worth $550,700,000 after buying an additional 95,478 shares in the last quarter. Janus Henderson Group PLC lifted its position in DENTSPLY SIRONA by 118.8% during the fourth quarter. Janus Henderson Group PLC now owns 5,877,592 shares of the medical instruments supplier’s stock worth $332,612,000 after buying an additional 3,190,941 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in DENTSPLY SIRONA by 40.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,057,912 shares of the medical instruments supplier’s stock worth $229,636,000 after buying an additional 1,178,062 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in DENTSPLY SIRONA by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 3,654,510 shares of the medical instruments supplier’s stock worth $206,410,000 after buying an additional 128,810 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

About DENTSPLY SIRONA (NASDAQ:XRAY)

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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