DENTSPLY Initiated As Neutral

We recently initiated coverage on DENTSPLY International Inc. (XRAY) with a Neutral recommendation. We rate the stock Neutral with a target price of $37 based on a P/E of 18.3x our 2010 EPS estimate of $2.02. 

DENTSPLY reported third quarter fiscal 2009 earnings per share of 44 cents, in line with the Zacks Consensus Estimate but slightly lower than the year-ago figure of 46 cents. The company’s sales were roughly flat year over year at $531.0 million. Excluding the precious metal … [visit site to read more]


This entry was posted on Thursday, December 31st, 2009 at 9:00 amand is filed under Investments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.