Sirona Dental Systems Given “Buy” Rating at Cantor Fitzgerald (SIRO)
Sirona Dental Systems (NASDAQ:SIRO)‘s stock had its “buy” rating restated by equities researchers at Cantor Fitzgerald in a research report issued on Monday, Analyst Ratings News reports. They currently have a $84.00 price target on the stock, up from their previous price target of $82.00. Cantor Fitzgerald’s price objective would suggest a potential upside of 12.45% from the company’s current price.
A number of other firms have also recently commented on SIRO. Analysts at Stifel Nicolaus raised their price target on shares of Sirona Dental Systems from $78.00 to $82.00 in a research note on Monday. They now have a “buy” rating on the stock. Analysts at Jefferies Group raised their price target on shares of Sirona Dental Systems from $83.00 to $85.00 in a research note on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $79.00.
Shares of Sirona Dental Systems (NASDAQ:SIRO) traded up 2.68% during mid-day trading on Monday, hitting $76.70. 315,125 shares of the company’s stock traded hands. Sirona Dental Systems has a 52-week low of $62.48 and a 52-week high of $77.31. The stock has a 50-day moving average of $74.5 and a 200-day moving average of $71.48. The company has a market cap of $4.245 billion and a P/E ratio of 26.49.
Sirona Dental Systems (NASDAQ:SIRO) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.78 by $0.02. The company had revenue of $282.70 million for the quarter, compared to the consensus estimate of $274.37 million. During the same quarter last year, the company posted $0.75 earnings per share. Sirona Dental Systems’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Sirona Dental Systems will post $3.66 earnings per share for the current fiscal year.
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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