DENTSPLY SIRONA (NASDAQ:XRAY) Shares Gap Up - Should You Buy?

DENTSPLY SIRONA Inc. (NASDAQ:XRAY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.35, but opened at $17.96. DENTSPLY SIRONA shares last traded at $17.75, with a volume of 263,465 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore ISI cut their price objective on DENTSPLY SIRONA from $29.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday, October 8th. StockNews.com upgraded shares of DENTSPLY SIRONA from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Needham & Company LLC cut their price objective on shares of DENTSPLY SIRONA from $34.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Barrington Research dropped their price target on DENTSPLY SIRONA from $36.00 to $24.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Finally, Robert W. Baird reduced their price objective on DENTSPLY SIRONA from $31.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $29.50.

DENTSPLY SIRONA Stock Up 3.0 %

The stock has a market cap of $3.55 billion, a P/E ratio of -8.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02. The firm has a 50 day simple moving average of $24.21 and a 200-day simple moving average of $25.59. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

DENTSPLY SIRONA (NASDAQ:XRAY - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $951.00 million during the quarter, compared to the consensus estimate of $939.10 million. DENTSPLY SIRONA had a negative net margin of 10.59% and a positive return on equity of 12.62%. DENTSPLY SIRONA's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities research analysts forecast that DENTSPLY SIRONA Inc. will post 1.84 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DENTSPLY SIRONA

A number of institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in shares of DENTSPLY SIRONA by 430.3% in the 3rd quarter. UMB Bank n.a. now owns 928 shares of the medical instruments supplier's stock worth $25,000 after acquiring an additional 753 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in DENTSPLY SIRONA in the 3rd quarter valued at approximately $27,000. LRI Investments LLC lifted its holdings in shares of DENTSPLY SIRONA by 82.7% in the second quarter. LRI Investments LLC now owns 1,246 shares of the medical instruments supplier's stock worth $31,000 after buying an additional 564 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of DENTSPLY SIRONA during the 2nd quarter valued at $32,000. Finally, Kennebec Savings Bank bought a new position in DENTSPLY SIRONA in the 3rd quarter worth about $35,000. 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.