Dental Gear Giants To Merge

(NASDAQ: SIRO) regarding possible breaches of fiduciary duties and other infringement of law related to the Firm’s entry into an contract to be attaind by DENTSPLY international Inc. The 12-month consensus target price for the stock is $103, which reflects an upside potential of 3.72% over the current price. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.4.

Sirona Dental Systems Inc (NASDAQ:SIRO) stock is currently trading 7.97% below its 52-week-high, 30.37% above its 52-week-low. There are currently 139,808,247 shares in issue with the average daily volume traded being 825,882. The 50-day moving average is $99.15 and the 200 day moving average is recorded at $96.2.

On August 7, 2015, Sirona Dental reported strong earnings results for its third quarter 2015. The business earned $698 million during the quarter, compared to the consensus estimate of $715.49 million. This corresponds to a decrease of $0.01 compared to the same quarter of the previous fiscal year. XRAY stock price has underperformed the Nasdaq by 1.2%.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. The ex-dividend date is Wednesday, September 23rd.

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While the New York Times reported a price of $5.5 billion on the transaction, some details of the merger have been released. Finally, Robert W. Baird upgraded shares of DENTSPLY international from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $58.00 to $61.00 in a report on Wednesday. Of those fourteen, four have a Buy rating, nine have a Hold rating and one has a Sell rating. We are bringing together 2 world-class companies that share a culture of innovation and will foster the development of differentiated, integrated solutions for general practitioners and specialists, particularly in the highest growth segments of the dental industry.

“There is a convergence now of consumables and technologies in the dental space”, he said. The majority of its revenues derive from the manufacture and sale of dental equipment. It also offers dental laboratory products consisting of dental prosthetics that include artificial teeth, precious metal dental alloys, dental ceramics, and crown and bridge materials, as well as computer aided design and machining ceramic systems, and porcelain furnaces. Dentsply Sirona will have established brands in consumables (preventive, restorative, and prosthetics), specialties (endodontics, implants, and orthodontics), and equipment (CAD/CAM, imaging, treatment centers, and instruments).