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Shares of Sirona Dental Systems (NASDAQ:SIRO) hit a new 52-week high during trading on Monday after Cantor Fitzgerald raised their price target on the stock from $84.00 to $93.00, Analyst Ratings Network reports. Cantor Fitzgerald currently has a buy rating on the stock. Sirona Dental Systems traded as high as $84.95 and last traded at $83.61, with a volume of 200,142 shares trading hands. The stock had previously closed at $84.80.

A number of other analysts have also recently weighed in 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $82.14.

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 $4.822 billion and a P/E ratio of 30.07.

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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