DENTSPLY SIRONA (NASDAQ:XRAY) Sets New 12-Month Low - Should You Sell?

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.84 and last traded at $23.34, with a volume of 93783 shares. The stock had previously closed at $23.34.

Analysts Set New Price Targets

XRAY has been the topic of several recent analyst reports. Needham & Company LLC cut their price objective on DENTSPLY SIRONA from $34.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, October 25th. StockNews.com upgraded DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Stifel Nicolaus dropped their target price on DENTSPLY SIRONA from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, July 18th. Evercore ISI dropped their target price on DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, October 8th. Finally, Robert W. Baird dropped their target price on DENTSPLY SIRONA from $33.00 to $31.00 and set a "neutral" rating on the stock in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $31.88.

DENTSPLY SIRONA Trading Up 0.2 %

The firm has a market cap of $4.74 billion, a P/E ratio of -27.06, a PEG ratio of 1.28 and a beta of 1.02. The company has a 50 day moving average of $25.04 and a 200 day moving average of $26.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.33.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of large investors have recently added to or reduced their stakes in XRAY. First Eagle Investment Management LLC boosted its position in DENTSPLY SIRONA by 33.6% during the second quarter. First Eagle Investment Management LLC now owns 13,069,900 shares of the medical instruments supplier's stock worth $325,571,000 after purchasing an additional 3,283,965 shares during the period. SG Americas Securities LLC boosted its position in DENTSPLY SIRONA by 2,959.1% during the first quarter. SG Americas Securities LLC now owns 1,373,421 shares of the medical instruments supplier's stock worth $45,584,000 after purchasing an additional 1,328,525 shares during the period. Dimensional Fund Advisors LP boosted its position in DENTSPLY SIRONA by 42.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,420,445 shares of the medical instruments supplier's stock worth $110,118,000 after purchasing an additional 1,308,411 shares during the period. Cooke & Bieler LP boosted its position in DENTSPLY SIRONA by 16.2% during the second quarter. Cooke & Bieler LP now owns 7,506,845 shares of the medical instruments supplier's stock worth $186,996,000 after purchasing an additional 1,046,105 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of DENTSPLY SIRONA by 398.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,025,200 shares of the medical instruments supplier's stock valued at $34,026,000 after acquiring an additional 819,400 shares during the period. Institutional investors own 95.70% of the company's stock.

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.