Dentsply International Inc. (XRAY) Now Covered by JPMorgan Chase & Co.
Equities researchers at JPMorgan Chase & Co. started coverage on shares of Dentsply International Inc. (NASDAQ:XRAY) in a report released on Thursday. The firm set a “neutral” rating on the stock.
Other equities analysts also recently issued reports about the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Dentsply International in a research note on Sunday, June 5th. Piper Jaffray Cos. reissued a “buy” rating on shares of Dentsply International in a research note on Monday, June 27th. Bank of America Corp. began coverage on shares of Dentsply International in a research note on Monday, September 12th. They issued a “buy” rating and a $70.00 price target for the company. Jefferies Group reissued a “buy” rating on shares of Dentsply International in a research note on Wednesday, August 17th. Finally, Zacks Investment Research downgraded shares of Dentsply International from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Dentsply International currently has a consensus rating of “Buy” and a consensus target price of $67.00.
Dentsply International (NASDAQ:XRAY) opened at 59.89 on Thursday. Dentsply International has a 52-week low of $49.48 and a 52-week high of $65.83. The firm’s 50 day moving average is $60.83 and its 200 day moving average is $61.57. The company has a market cap of $13.96 billion, a PE ratio of 28.10 and a beta of 1.40.
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Dentsply International (NASDAQ:XRAY) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm earned $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Dentsply International had a net margin of 11.99% and a return on equity of 9.18%. The company’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Analysts forecast that Dentsply International will post $2.76 EPS for the current fiscal year.
In other news, SVP Maureen J. Macinnis sold 45,100 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $60.55, for a total transaction of $2,730,805.00. Following the sale, the senior vice president now owns 36,730 shares in the company, valued at $2,224,001.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Rainer Berthan sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $61.12, for a total transaction of $305,600.00. Following the sale, the vice president now owns 34,370 shares in the company, valued at approximately $2,100,694.40. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Evercore Wealth Management LLC boosted its stake in Dentsply International by 12.6% in the second quarter. Evercore Wealth Management LLC now owns 3,204 shares of the company’s stock worth $199,000 after buying an additional 358 shares during the last quarter. Carnick & Kubik Group LLC purchased a new stake in Dentsply International during the second quarter worth approximately $258,000. Williams Jones & Associates LLC boosted its stake in Dentsply International by 84.1% in the second quarter. Williams Jones & Associates LLC now owns 970,261 shares of the company’s stock worth $60,195,000 after buying an additional 443,353 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Dentsply International during the second quarter worth approximately $587,000. Finally, Kentucky Retirement Systems purchased a new stake in Dentsply International during the second quarter worth approximately $1,236,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.
About Dentsply International
DENTSPLY SIRONA Inc, formerly DENTSPLY International Inc, designs, develops, manufactures and markets a range of consumable dental products for the professional dental market. The Company also manufactures and markets consumable medical device products consisting mainly of urological catheters and certain surgical products.
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