DENTSPLY SIRONA Inc. (XRAY): What are the Technicals Saying?

The firm owned 6,303 shares of the company's stock at the end of the third quarter.

Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock.

A number of brokerages have recently issued reports on XRAY. Zacks Investment Research downgraded DENTSPLY SIRONA from a hold rating to a sell rating in a report on Monday, October 30th. Deutsche Bank started coverage on shares of DENTSPLY SIRONA in a report on Friday, December 8th. Jefferies maintained it with "Buy" rating and $66 target in Wednesday, August 23 report. JPMorgan Chase & Co. upgraded shares of DENTSPLY SIRONA from a neutral rating to an overweight rating and set a $75.00 target price for the company in a research note on Wednesday, December 13th. TheStreet raised DENTSPLY SIRONA from a "c" rating to a "b-" rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock.

Both investors and stock traders are looking at technical indicators for the stocks of DENTSPLY SIRONA Inc. DENTSPLY SIRONA has a 1-year low of $52.53 and a 1-year high of $68.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.32 and a quick ratio of 1.59. The stock decreased 4.17% or $2.85 during the last trading session, reaching $65.45.

Many analysts are providing their Estimated Earnings analysis for DENTSPLY International Inc. and for the current quarter 14 analysts have projected that the stock could give an Average Earnings estimate of $0.81/share. The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 6.1%. DENTSPLY SIRONA had a negative net margin of 20.33% and a positive return on equity of 7.56%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $978.99 million. During the same period past year, the business earned $0.66 EPS. The company's revenue was up 5.8% on a year-over-year basis. analysts expect that DENTSPLY SIRONA Inc will post 2.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. This represents a $0.35 dividend on an annualized basis and a yield of 0.56%. Prnewswire.com's news article titled: "Quotidian Technical Highlights on Selected Medical Supplies Stocks - Antares ..." with publication date: December 15, 2017 was also an interesting one. DENTSPLY SIRONA's payout ratio is -10.06%. The company has a total of 229.5 Million shares outstanding. BlackRock Institutional Trust Company N.A. now owns 6,231,132 shares of the company's stock worth $370,316,000 after buying an additional 38,643 shares during the period. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. During the past couple of weeks, XRAY average daily volatility was 29.99%, which is -5.8 percentage points higher than the average volatility over the past 100 days. The disclosure for this purchase can be found here.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in DENTSPLY SIRONA by 3.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,903,596 shares of the medical instruments supplier's stock valued at $113,855,000 after buying an additional 1,863,424 shares during the period. California Public Employees Retirement System boosted its stake in shares of DENTSPLY SIRONA by 2.2% during the 3rd quarter.

Pinnacle Holdings Llc, which manages about $720.48M and $270.85B US Long portfolio, decreased its stake in Global Eagle Entertainment (Prn) by 30,000 shares to 2.06M shares, valued at $1.30B in 2017Q3, according to the filing. Ruane Cunniff & Goldfarb Inc. lifted its stake in DENTSPLY SIRONA by 0.5% in the 3rd quarter. Jackson Square Partners LLC now owns 6,334,906 shares of the medical instruments supplier's stock valued at $378,890,000 after buying an additional 855,199 shares during the period. Eqis Capital Management has 0.02% invested in DENTSPLY SIRONA Inc. Acrospire Investment Management LLC purchased a new position in DENTSPLY SIRONA in the second quarter worth $113,000.

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