Bank of America Corp. cut shares of Sirona Dental Systems (NASDAQ:SIRO) from a buy rating to an underperform rating in a research report sent to investors on Friday morning, AmericanBankingNews.com reports. The firm currently has $64.00 price target on the stock, down from their previous price target of $82.00.
Separately, analysts at Barrington Research upgraded shares of Sirona Dental Systems from a market perform rating to an outperform rating in a research note to investors on Tuesday, August 6th. They now have a $82.00 price target on the stock, up previously from $3.43. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $75.28.
Sirona Dental Systems (NASDAQ:SIRO) traded up 0.24% on Friday, hitting $66.81. 331,508 shares of the company’s stock traded hands. Sirona Dental Systems has a one year low of $53.26 and a one year high of $75.81. The stock has a 50-day moving average of $66.7 and a 200-day moving average of $69.08. The company has a market cap of $3.677 billion and a P/E ratio of 25.83.
Sirona Dental Systems (NASDAQ:SIRO) last released its earnings data on Friday, August 2nd. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $283.20 million for the quarter, compared to the consensus estimate of $281.82 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis.
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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