Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $69.22 on DENTSPLY International Inc. (NASDAQ:XRAY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.76 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of DENTSPLY International Inc. (NASDAQ:XRAY) stands at 28.12.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For DENTSPLY SIRONA Inc., the PEG ratio for coming 3-5 years is 1.88.
The technical analysis highlights that DENTSPLY SIRONA Inc. current is trading $-2.59 points away or -4.14% from its 50-day moving average of $62.52. Further it is trading $-1.26 or -2.06% away its 200-day moving average of $61.19.
The 52-week high of DENTSPLY International Inc. (NASDAQ:XRAY) was $65.83 while lowest point recorded in 52-week was $49.48. It implies if stock price makes a movement of over $-5.90, it will record a new 52-week high. In the case of +21.12% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know