Stifel Nicolaus Upgrades DENTSPLY International to Buy

Brokerage firm Stifel Nicolaus Upgrades its rating on DENTSPLY International(XRAY). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Feb 14, 2017 in a research report to their Investors and Clients.

DENTSPLY International (XRAY) shares turned negative on Wednesdays trading session with the shares closing down -0.16 points or -0.26% at a volume of 14,57,592. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $62.75. The peak price level was also seen at $62.75 while the days lowest was $62.0301. Finally the shares closed at $62.34. The 52-week high of the shares is $65.83 while the 52-week low is $55. According to the latest information available, the market cap of the company is $14,393 M.

DENTSPLY International(XRAY) last announced its earnings results on Nov 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $954.20M. Analysts had an estimated revenue of $968.10M. Earnings per share were $0.66. The reported EPS was above estimates by $0.03 or 4.76%. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2016, James G Mosch (President & CEO Consumables) sold 30,400 shares at $60.93 per share price.Also, On Nov 10, 2016, Christopher T Clark (President & CEO Technologies) sold 59,300 shares at $60.87 per share price.On Nov 10, 2016, Rainer Berthan (Exec VP, Mfg & Supply Chain) sold 21,327 shares at $60.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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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