Sirona Dental Systems Price Target Raised to $84.00 at Cantor Fitzgerald (SIRO)

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Research analysts at Cantor Fitzgerald hoisted their price objective on shares of Sirona Dental Systems (NASDAQ:SIRO) from $82.00 to $84.00 in a report released on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 12.45% from the stock’s previous close.

SIRO has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Sirona Dental Systems from $78.00 to $82.00 in a research note on Monday. They now have a “buy” rating on the stock. Analysts at Jefferies Group raised their price target on shares of Sirona Dental Systems from $83.00 to $85.00 in a research note on Friday. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $79.71.

Shares of Sirona Dental Systems (NASDAQ:SIRO) traded up 2.38% on Monday, hitting $76.48. The stock had a trading volume of 548,992 shares. Sirona Dental Systems has a 52 week low of $62.48 and a 52 week high of $77.31. The stock’s 50-day moving average is $74.5 and its 200-day moving average is $71.48. The company has a market cap of $4.233 billion and a P/E ratio of 26.49.

Sirona Dental Systems (NASDAQ:SIRO) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.78 by $0.02. The company had revenue of $282.70 million for the quarter, compared to the consensus estimate of $274.37 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Sirona Dental Systems will post $3.66 EPS for the current fiscal year.

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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