DENTSPLY International (XRAY) was Reiterated by Barrington Research to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 68 from a previous price target of $62 . Barrington Research advised their investors in a research report released on May 13, 2016.
Many Wall Street Analysts have commented on DENTSPLY International. DENTSPLY International was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 24, 2016. DENTSPLY International was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Jefferies Resumed DENTSPLY International on Mar 3, 2016 to “Buy”, Price Target of the shares are set at $70.
On the company’s financial health, DENTSPLY International reported $0.69 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.62. The company had revenue of $772.60 million for the quarter, compared to analysts expectations of $778.36 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
DENTSPLY International opened for trading at $60.78 and hit $61.32 on the upside on Tuesday, eventually ending the session at $61.32, with a gain of 1.32% or 0.8 points. The heightened volatility saw the trading volume jump to 13,37,446 shares. Company has a market cap of $14,363 M.
In a different news, on Nov 19, 2015, Deborah Rasin (VP,Secretary & General Counsel) sold 4,500 shares at $60.56 per share price. According to the SEC, on Nov 4, 2015, Robert J. Size (Senior VP) sold 22,900 shares at $62.09 per share price. On Jul 31, 2015, James G Mosch (Executive VP & C.O.O.) sold 32,900 shares at $54.90 per share price, according to the Form-4 filing with the securities and exchange commission.
DENTSPLY International Inc. is a designer developer manufacturer and marketer of a range of consumable dental products for the professional dental market. It operates through three segments: Dental Consumable and Certain International Businesses; Dental Specialty and Laboratory and Certain Global Distribution Businesses and Healthcare and Emerging Markets Businesses. All the segments are primarily engaged in the design manufacture and distribution of dental and medical products in four product categories. Its Dental Consumable Products consist of dental supplies and devices and small equipment used in dental offices. Its Dental Laboratory Products are used in the preparation of dental appliances by dental laboratories. Its Dental Specialty Products are specialized treatment products used within the dental office and laboratory settings. Its Consumable Medical Device Products consist mainly of urology catheters certain surgical products medical drills and other products.