Analysts have assigned a consensus rating of “Hold” to DENTSPLY SIRONA Inc. (NASDAQ:XRAY).


According to Bloomberg, the twelve research companies that currently cover DENTSPLY SIRONA Inc. (NASDAQ: XRAY) have assigned the company an average rating of “Hold” as the consensus rating for the stock. One of the research analysts gave the stock a sell rating. In contrast, five others recommended investors maintain their current position, three others suggested investors buy the shares, and three others suggested investors divest themselves of their current holdings. Analysts who have rated the company’s stock over the past calendar year have concluded that the stock should have a price target of $48.11 over the next year.

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Over the past few months, many brokerage firms have shown interest in XRAY. The DENTSPLY SIRONA research report published by on August 15 recommended to “hold” the company’s stock, which was a change from the previous recommendation to “buy” the stock. Piper Sandler said she intended to lower her price target for Dentsply Sirona shares from $41.00 to $38.00 in a research note made public on July 11 and posted on the company’s website in a memo. research made public on July 11 and posted on the company’s website. In a company performance report released Friday, August 5, William Blair downgraded DENTSPLY SIRONA from “market performer” to “underperformer” in a performance report. In a research note released Thursday, July 21, Goldman Sachs Group lowered its price target on DENTSPLY SIRONA stock. Additionally, he downgraded the company’s rating from “neutral” to “underweight.” The note related to the shares of the company. In a research report released Wednesday, July 20, Morgan Stanley lowered its price target on Dentsply Sirona shares from $48.00 to $44.00 while maintaining an “overweight” rating on the stock.
Recently, several institutional investors and hedge funds have changed the positions they previously held in XRAY. These adjustments were made in light of recent market events. During the second quarter of the year, Nuance Investments LLC recorded a 356.3% increase in its holdings in DENTSPLY SIRONA. Nuance Investments LLC now owns 9,051,338 shares of the medical device supplier’s stock, currently valued at $323,404,000. This thanks to the acquisition of 7,067,751 additional shares. Additionally, BlackRock Inc. increased the amount of DENTSPLY SIRONA held by 36.1% in the first three months of 2018. BlackRock Inc. now owns a total of 24,083,158 shares of the medical equipment supplier worth market value of $1,185,372,000 after purchasing 6,382,605 additional shares. shares in the last quarter. This brings the total number of shares that BlackRock Inc. The Wellington Management Group LLP increased its stake in DENTSPLY SIRONA by 83.1% in the first three months of the year. During the last quarter, Wellington Management Group LLP increased its stake in the medical equipment supplier by purchasing an additional 2,497,773 shares. As a result of these purchases, the company now has a total of 5,502,424 shares in its possession. The current market value of these shares is $270,829,000. By making additional purchases of DENTSPLY SIRONA stock during the second quarter, Lazard Asset Management LLC was able to increase the size of its stock holdings by 11,805,127.3%. Following the acquisition of an additional 1,298,564 shares in the last quarter, Lazard Asset Management LLC now owns 1,298,575 shares of the medical equipment supplier’s stock. The current market value of these shares is $46,397,000. And finally, during the first three months of the year, American Century Companies Inc. increased its shareholding by purchasing additional shares of DENTSPLY SIRONA, which increased by 8,220.9%. American Century Companies Inc. now owns 1,292,987 shares of the medical device supplier’s stock, or $63,641,000. The stock is held by institutional investors and hedge funds, which represent 96.00% of the total. American Century Companies Inc. acquired an additional 1,277,448 shares during the last quarter.
As of Friday, the price of one DENTSPLY SIRONA share was $28.41 at the start of trading. The company’s simple moving average for the last 50 days is $33.10, and the simple moving average for the last 200 days is $37.71. The stock is currently trading at a price that translates to a price-to-earnings ratio of 16.81, a growth price-to-earnings ratio of 2.45 and a beta value of 0.94. The market capitalization of the company is $6.12 billion. Currently, the debt ratio is 0.38, the quick ratio is 1.03 and the current ratio is at 1.45. The current price of DENTSPLY SIRONA reflects the 1-year low of $28.12 and the 1-year high of $59.46.

In addition, the company has just announced the payment of a quarterly dividend, which will take place on Friday, October 14, according to the plan which has just been made public. Shareholders who are “registered” as “still holding their shares” as of September 30 will be eligible to receive a dividend payment of $0.125 per share. As a direct result, the dividend payment will be $0.05 per month and the yield will be 1.76%. The day on which the dividend will be withheld from the shareholders’ accounts is the following Thursday, September 29. DENTSPLY SIRONA leads the industry with a payout rate of 29.59%.

DENTSPLY SIRONA Inc. is a global company that produces and distributes a wide variety of dental products and technologies to meet the demands of the professional dental market in all regions of the world. The company can be divided into two distinct divisions: one dealing with consumables and the other with technology and equipment. The Technologies and Equipment segment provides dental CAD/CAM technologies for dental practices to support a variety of digital dental procedures, such as dental restorations; transparent, dentist-directed aligner solutions, such as SureSmile; and direct-to-consumer seamless alignment solutions; in addition to high frequency vibration technology. Some of the digital dental procedures that these technologies can support include dental restorations. These technologies enable various digital dental procedures, such as dentures, dental crowns and bridges, inlays and onlays, and inlays and onlays. Additionally, it provides dentists and other dental professionals with access to a wide range of dental equipment, such as treatment centers, imaging equipment, motorized dental handpieces, and other tools.


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