Dentsply International Inc. Reaches New 12-Month High at $47.44 (XRAY)
Dentsply International (NASDAQ:XRAY)’s share price reached a new 52-week high on Monday, American Banking News.com reports. The company traded as high as $47.44 and last traded at $47.34, with a volume of 579,628 shares traded. The stock had previously closed at $47.15.
A number of research firms have recently commented on XRAY. Analysts at Zacks reiterated a “neutral” rating on shares of Dentsply International in a research note to investors on Wednesday, October 30th. They now have a $48.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Dentsply International from $44.00 to $51.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Dentsply International from an “underperform” rating to a “buy” rating in a research note to investors on Friday, October 4th. They now have a $48.00 price target on the stock, up previously from $35.00. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.00.
In other Dentsply International news, VP Robert J. Size sold 14,262 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $46.00, for a total transaction of $656,052.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Dentsply International has a 52 week low of $37.77 and a 52 week high of $47.43. The stock has a 50-day moving average of $44.60 and a 200-day moving average of $42.6. The company has a market cap of $6.758 billion and a P/E ratio of 18.65.
Dentsply International (NASDAQ:XRAY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $716.13 million. During the same quarter last year, the company posted $0.51 earnings per share. Dentsply International’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Dentsply International will post $2.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $0.06 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Tuesday, December 24th.
DENTSPLY International Inc (NASDAQ:XRAY) is a designer, developer, manufacturer and marketer of a range of dental products.
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