Piper Jaffray Initiates Coverage on DENTSPLY International to Overweight

Piper Jaffray Initiates Coverage on DENTSPLY International(NASDAQ:XRAY). The shares have been rated Overweight. The rating by Piper Jaffray was issued on Jun 13, 2016.

In a different note, On Mar 24, 2016, Morgan Stanley said it Downgrades its rating on DENTSPLY International. The shares have been rated ‘Equal-weight’ by the firm.

DENTSPLY International (XRAY) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.46% at a volume of 64,18,705. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.47. The peak price level was also seen at $63.47 while the days lowest was $62.5. Finally the shares closed at $63.21. The 52-week high of the shares is $65.83 while the 52-week low is $49.48. According to the latest information available, the market cap of the company is $14,806 M.

DENTSPLY International has also declared a cash dividend of $0.0775 on Apr 8, 2016. The shares will quote ex-dividend on Jun 22, 2016 and the record date has been fixed on Jun 24, 2016. The dividend payable date has been fixed on Jul 8, 2016.

DENTSPLY International(XRAY) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $772.60M. Analysts had an estimated revenue of $734.75M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Rainer Berthan (Exec VP, Mfg & Supply Chain) sold 6,464 shares at $62.56 per share price.Also, On Nov 19, 2015, Deborah Rasin (VP,Secretary & General Counsel) sold 4,500 shares at $60.56 per share price.On Nov 4, 2015, Robert J. Size (Senior VP) sold 22,900 shares at $62.09 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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