Sirona Dental Systems Price Target Raised to $93.00 at Cantor Fitzgerald (SIRO)
Stock analysts at Cantor Fitzgerald increased their target price on shares of Sirona Dental Systems (NASDAQ:SIRO) from $84.00 to $93.00 in a report issued on Monday. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 9.67% from the company’s current price.
A number of other firms have also recently commented on SIRO. Analysts at Jefferies Group reiterated a “buy” rating on shares of Sirona Dental Systems in a research note on Monday, June 23rd. They now have a $93.00 price target on the stock, up previously from $85.00. Separately, analysts at Morgan Stanley raised their price target on shares of Sirona Dental Systems from $81.00 to $86.00 in a research note on Monday, May 12th. Finally, 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, May 12th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $82.14.
Shares of Sirona Dental Systems (NASDAQ:SIRO) opened at 84.80 on Monday. Sirona Dental Systems has a one year low of $64.40 and a one year high of $84.86. The stock’s 50-day moving average is $77.97 and its 200-day moving average is $73.62. The company has a market cap of $4.888 billion and a P/E ratio of 29.59.
Sirona Dental Systems (NASDAQ:SIRO) last announced its earnings results 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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