Home Analyst Ratings Dentsply Sirona gets its Neutral rating reiterated by HC Wainwright &...

Dentsply Sirona [XRAY] gets its Neutral rating reiterated by HC Wainwright & Co.

HC Wainwright & Co. maintained its Dentsply Sirona [XRAY] rating to the equivalent of Neutral but ‎changed the price target to $55.0 from $49, in a research note dated 2021-01-05. That figure represents ‎around a 2.33% premium from where the company’s shares closed on Monday. Other analysts also ‎revised their coverage, with Barclays’s analysts downgrading the shares from “an Equal weight” rating ‎to “an Underweight” rating in a research note to investors issued in mid November. Meanwhile, H.C. ‎Wainwright had maintained its rating on XRAY to the earlier “Neutral” rating, in a research note ‎produced for clients November 09, 2020. In addition, there was an upgrade from Guggenheim on ‎October 22, 2020. The rater changed XRAY from “a Neutral” to “a Buy”.

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Is DENTSPLY SIRONA Inc. [NASDAQ:XRAY] a Good ‎Buy Right Now?

It should be noted that XRAY technical indicators for short, intermediate as well ‎as long term progress have placed an overall average of 96% as Buy. The average signal changed from ‎‎88% Buy in the last week and compares with 100% Buy in the past month. Data from DENTSPLY SIRONA ‎Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 1.01 million ‎shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, ‎the average trading volume was 1.26 million shares while the medium term average advocated for ‎‎100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at ‎‎1.23 million shares.


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XRAY Price Performance

On Wall Street, DENTSPLY SIRONA Inc. ‎‎[NASDAQ:XRAY] finished Monday’s session up 2.65% at $53.75. The stock went up to $54.95 at the ‎same session while its lowest single day price was $52.64. In the last five days, it saw a rise of about ‎‎3.72%, DENTSPLY SIRONA Inc. shares gained by almost 2.65% since the beginning of the year. ‎However, the share price has dropped to as low as -11.70% below its one year high. On 01/04/21, the ‎company shares recorded $54.95, the highest single-day price it has got to in the last 52-weeks and a ‎‎52-week low was seen on 01/04/21, the same year at $52.64. The company’s shares have declined by -‎‎4.53% in the past year. The 50-day SMA achieved is $50.70 while the 200-day SMA is $44.97. Volume ‎gained to 2.21 million from 0.61 million in the previous session.

XRAY Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 52.61 level, ‎and in case of violation of this particular level, it will cause more drop to 51.47 level. On the upper level, ‎‎56.09 is still the key resistance. The stock may increase to the subsequent resistance at 54.92. The ‎Relative Strength Index (RSI) pinned on the 14-day chart is 59.16, implying a neutral technical stance ‎while the MACD stands at 0.10, meaning price will decrease in the next trading period. Percent R ‎indicator moved to 30.00%, implying 30.00 price movement. Stochastic %K at 49.66% suggest selling the ‎stock.

What is the short interest in DENTSPLY SIRONA Inc.?

Short interest in the DENTSPLY ‎SIRONA Inc. stock has surged, increasing by 0.89 million shares to total 3.23 million shares on Dec 14, ‎‎2020. The interest had seen shares on Nov 12, 2020 stand at 4.12 million, data from Yahoo Finance ‎shows. The decrease of -27.55% suggests the stock saw some decreased bullish sentiment. The stock’s ‎days to cover (short ratio) moved to while the shorted shares account for just 1.68% of the overall ‎float for the stock.

DENTSPLY SIRONA Inc.’s Biggest Shareholders: Who Owns DENTSPLY SIRONA ‎Inc. [XRAY]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of ‎‎23,043,995 shares or roughly 10.54% of the outstanding XRAY shares. This means their shares have ‎reduced by -1,035,474 from the 23,043,995 the investor reportedly held in its prior 13-F filing. With the ‎conclusion of the sale, Generation Investment Management updated stake is worth $984,360,995. ‎Details in the latest 13F filings reveal that Artisan Partners LP acquired their 23.37% stake valued at ‎‎$788,470,067 while BlackRock Fund Advisors cut theirs at $549,252,157. During the last quarter, Artisan ‎Partners LP raised 2,935,431 of its shares in DENTSPLY SIRONA Inc. while BlackRock Fund Advisors sold -‎‎386,916 shares. The SSgA Funds Management, Inc.’s holdings currently number 10,013,920 shares at ‎‎$538248200.0. According to the firm’s last 13F report, T. Rowe Price Associates, Inc. shares in the ‎company at filing stood at 9,578,773 shares, roughly $487,463,758.

XRAY Earnings Forecast For The ‎Current Quarter

DENTSPLY SIRONA Inc. [XRAY] is expected to report weak earnings results for ‎the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of ‎‎$995.95M and an earnings per share of $0.64 for Dec 2020. Looking further ahead, the company is ‎expected to report revenue of $882.57M at an EPS of $0.5 for Mar 2021. The estimates represent ‎downside of 15.70% and 47.83% in the company’s revenue and earnings per share, respectively, on a ‎year-on-year basis.

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XRAY Earnings Estimates For ‎The Current Year

For the financial year, DENTSPLY SIRONA Inc. [NASDAQ:XRAY] is expected to ‎bring in revenue of $3.26B. The returns are nearly $-770.0 million lower than the company’s actual ‎revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.56, lower ‎than that of FY19 by -$0.89. Estimates put this year’s earnings growth at -36.30%, 50.00% for the next, ‎and at an annual 5.70% over the next 5-year period. As for sales, forecasts are for a decrease of -‎‎19.10% in the current fiscal year and a further 15.70% over the following year.‎

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