How Analysts Feel About DENTSPLY SIRONA Inc (XRAY) After Forming Bullish Multiple Top Pattern?

November 7, 2017 - By Linda Rogers

Investors sentiment increased to 4 in 2017 Q2. Its up 3.00, from 1 in 2017Q1. It improved, as 1 investors sold DENTSPLY SIRONA Inc shares while 0 reduced holdings. 0 funds opened positions while 4 raised stakes. 779,672 shares or 121.05% more from 352,708 shares in 2017Q1 were reported.
70,606 are held by Cardinal Management. Moreover, Cibc World Mkts Corp has 0.03% invested in DENTSPLY SIRONA Inc (NASDAQ:XRAY). Gemmer Asset Limited Com holds 237 shares. Burney Company invested 0.02% in DENTSPLY SIRONA Inc (NASDAQ:XRAY). Tirschwell And Loewy has 243,211 shares. West Oak Capital Ltd Com owns 22,735 shares or 0% of their US portfolio.

The stock of DENTSPLY SIRONA Inc (XRAY) shows a multiple tops pattern with $67.84 target or 6.00 % above today’s $64.00 share price. The 7 months chart pattern indicates low risk for the $14.69B company. It was reported on Nov, 7 by Finviz.com. If the $67.84 price target is reached, the company will be worth $881.40M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

About 667,366 shares traded. DENTSPLY SIRONA Inc (NASDAQ:XRAY) has risen 2.17% since November 7, 2016 and is uptrending. It has underperformed by 14.53% the S&P500.

DENTSPLY SIRONA Inc (NASDAQ:XRAY) Ratings Coverage

Among 16 analysts covering Dentsply International (NASDAQ:XRAY), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Dentsply International has $7500 highest and $60 lowest target. $66.67’s average target is 4.17% above currents $64 stock price. Dentsply International had 40 analyst reports since August 3, 2015 according to SRatingsIntel. Barrington Research upgraded the stock to “Outperform” rating in Wednesday, September 16 report. The stock has “Hold” rating by Zacks on Thursday, September 3. The firm earned “Buy” rating on Friday, September 15 by Robert W. Baird. The stock has “Outperform” rating by Barrington Research on Monday, November 6. Piper Jaffray initiated the shares of XRAY in report on Monday, June 13 with “Overweight” rating. The rating was maintained by Jefferies on Wednesday, August 23 with “Buy”. The firm has “Buy” rating given on Wednesday, July 5 by Stifel Nicolaus. The firm has “Market Perform” rating given on Monday, March 14 by William Blair. The rating was maintained by H.C. Wainwright on Monday, August 14 with “Buy”. The rating was upgraded by Zacks on Wednesday, August 19 to “Hold”.

More important recent DENTSPLY SIRONA Inc (NASDAQ:XRAY) news were published by: Reuters.com which released: “BRIEF-Dentsply Sirona Inc says CFO Ulrich Michel resigned” on November 03, 2017, also Globenewswire.com published article titled: “Dentsply Sirona Announces Additions to Executive Leadership Team”, Nasdaq.com published: “DENTSPLY SIRONA Strong on Deal Renewals, Forex Woes Stay” on October 12, 2017. More interesting news about DENTSPLY SIRONA Inc (NASDAQ:XRAY) was released by: Nasdaq.com and their article: “Dentsply Sirona Inc Q3 Profit Climbs 6%” with publication date: October 28, 2017.

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