Stifel Nicolaus Increases Sirona Dental Systems Price Target to $94.00 (SIRO)
Equities research analysts at Stifel Nicolaus boosted their price objective on shares of Sirona Dental Systems (NASDAQ:SIRO) from $82.00 to $94.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 14.65% from the stock’s previous close.
Sirona Dental Systems (NASDAQ:SIRO) traded down 0.62% during mid-day trading on Thursday, hitting $81.99. The stock had a trading volume of 367,258 shares. Sirona Dental Systems has a 52-week low of $64.40 and a 52-week high of $84.95. The stock’s 50-day moving average is $78.88 and its 200-day moving average is $74.00. The company has a market cap of $4.726 billion and a price-to-earnings ratio of 29.26.
Sirona Dental Systems (NASDAQ:SIRO) last released its earnings data on Friday, May 9th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Sirona Dental Systems will post $3.66 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald raised their price target on shares of Sirona Dental Systems from $84.00 to $93.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $83.86.
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.