DENTSPLY International (XRAY) : Analyst Rating Update

DENTSPLY International (XRAY) : 10 analysts are covering DENTSPLY International (XRAY) and their average rating on the stock is 2, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

DENTSPLY International (XRAY) : Average target price received by DENTSPLY International (XRAY) is $68.13 with an expected standard deviation of $5.14. The most aggressive target on the stock is $78, whereas the most downbeat target is $60. 8 financial analysts are currently covering the stock.

DENTSPLY International (NASDAQ:XRAY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.00 and $61.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.74, notching a gain of 0.95% for the day. The total traded volume was 1,630,419 . The stock had closed at $62.15 on the previous day.

Also, Piper Jaffray initiates coverage on DENTSPLY International (NASDAQ:XRAY). The shares have now been rated Overweight by the stock experts at the ratings house. The rating by the firm was issued on June 13, 2016. The company shares have rallied 21.29% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $63.68 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $62.41 and the 200 Day Moving Average price is recorded at $60.35.

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.

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