Sirona Dental Systems (NASDAQ:SIRO) was downgraded by research analysts at Bank of America Corp. from a “buy” rating to an “underperform” rating in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $64.00 target price on the stock, down from their previous target price of $82.00. Bank of America Corp.’s target price suggests a potential downside of 5.02% from the company’s current price.
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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.28.
Shares of Sirona Dental Systems (NASDAQ:SIRO) traded down 0.53% on Friday, hitting $67.02. The stock had a trading volume of 274,021 shares. Sirona Dental Systems has a 52-week low of $53.26 and a 52-week high of $75.81. The stock’s 50-day moving average is $66.72 and its 200-day moving average is $69.1. The company has a market cap of $3.688 billion and a price-to-earnings ratio of 26.12.
Sirona Dental Systems (NASDAQ:SIRO) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.91 earnings per share for the quarter, meeting the analysts’ 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.