Barrington Research Cuts DENTSPLY SIRONA (NASDAQ:XRAY) Price Target to $20.00

DENTSPLY SIRONA (NASDAQ:XRAY) had its price objective cut by equities researchers at Barrington Research from $24.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the medical instruments supplier’s stock. Barrington Research’s price objective would suggest a potential upside of 19.83% from the company’s previous close.

A number of other research firms have also recently commented on XRAY. Leerink Partners cut DENTSPLY SIRONA from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of DENTSPLY SIRONA in a research note on Friday, February 14th. They issued an “equal weight” rating and a $20.00 target price on the stock. Mizuho started coverage on shares of DENTSPLY SIRONA in a report on Wednesday, December 4th. They issued a “neutral” rating and a $21.00 price target on the stock. Morgan Stanley reduced their price objective on DENTSPLY SIRONA from $30.00 to $23.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Leerink Partnrs cut DENTSPLY SIRONA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.67.

DENTSPLY SIRONA Stock Performance

Shares of XRAY stock traded down $0.46 during trading on Friday, hitting $16.69. The company’s stock had a trading volume of 390,201 shares, compared to its average volume of 2,405,509. 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 company has a market cap of $3.32 billion, a PE ratio of -8.03, a P/E/G ratio of 1.80 and a beta of 0.96. The business has a fifty day moving average of $18.90 and a 200-day moving average of $21.58. DENTSPLY SIRONA has a 52 week low of $16.43 and a 52 week high of $34.91.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of XRAY. State of Alaska Department of Revenue boosted its stake in DENTSPLY SIRONA by 2.4% during 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 buying an additional 560 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of DENTSPLY SIRONA by 0.6% during 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 acquiring an additional 560 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of DENTSPLY SIRONA by 60.8% during the fourth quarter. UMB Bank n.a. now owns 1,492 shares of the medical instruments supplier’s stock worth $28,000 after purchasing an additional 564 shares in the last quarter. MML Investors Services LLC increased its position in shares of DENTSPLY SIRONA by 2.1% in 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 last quarter. Finally, Allworth Financial LP increased its position in shares of DENTSPLY SIRONA by 40.2% in the third quarter. Allworth Financial LP now owns 2,179 shares of the medical instruments supplier’s stock worth $59,000 after purchasing an additional 625 shares during the last quarter. 95.70% of the stock is owned by institutional investors.

About DENTSPLY SIRONA

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.