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Sirona Dental Systems (NASDAQ:SIRO)‘s stock had its “overweight” rating restated by research analysts at Morgan Stanley in a report released on Monday, Analyst Ratings Net reports. They currently have a $81.00 price target on the stock, up from their previous price target of $78.00. Morgan Stanley’s price objective indicates a potential upside of 15.88% from the company’s current price.

The analysts wrote, “Sirona has the most compelling lineup of practice-enabling technology for dentistry. Exclusive distribution alliances and an aggressive development pipeline create barriers to entry that insulate Sirona from new competition. Dental practice consolidation and the uptake of imaging technologies are supportive of the uptake of Sirona’s signature CEREC systems.”

Shares of Sirona Dental Systems (NASDAQ:SIRO) traded up 0.29% on Monday, hitting $70.10. 348,761 shares of the company’s stock traded hands. Sirona Dental Systems has a one year low of $62.48 and a one year high of $77.31. The stock has a 50-day moving average of $70.56 and a 200-day moving average of $69.05. The company has a market cap of $3.871 billion and a price-to-earnings ratio of 25.70.

Sirona Dental Systems (NASDAQ:SIRO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.93 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.01. The company had revenue of $298.70 million for the quarter, compared to the consensus estimate of $296.32 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Sirona Dental Systems will post $3.67 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SIRO. Analysts at Jefferies Group cut their price target on shares of Sirona Dental Systems from $85.00 to $83.00 in a research note to investors on Monday. Analysts at JPMorgan Chase & Co. downgraded shares of Sirona Dental Systems from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $75.00 price target on the stock, down previously from $78.00. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $77.00.

Sirona Dental Systems, Inc (NASDAQ:SIRO) and its subsidiaries is a manufacturer of dental equipment, and is focused on developing, manufacturing and marketing solutions for dentists around the world.

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