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SIRO $109.97

SIRO target price
109.97
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Sirona Dental Systems Inc.
Type
Subsidiary
Industry dental equipment
Founded 1997
Headquarters Long Island City, New York, United States
Revenue $1.13 billion (As of 2013)
Number of employees
3,216
Website www.sirona.com

Sirona Dental Systems Inc. (Sirona) was a global dental equipment manufacturer, and the world's largest dental equipment provider, which used to be part of Siemens. It became an independent company in 1997. The company is headquartered in Long Island City, New York. So far, it has facilities in over 17 countries and serves over 100 countries and districts. In 2011, the company was ranked at 27th in the list of America's Best Small Companies by Forbes. The company built the world's first dental X-ray unit, REKORD. In 2013, the company was awarded the Top Employer Award for Germany, Austria and Engineer in 2013. Its subsidiary in China, Sirona China, was given Top Employer China 2014. In 2014, it won the Good Design Award (Chicago) 2013 for its excellence design of two products.

The company was originated from Erwin Moritz Reiniger, a mechanical engineer at the University of Erlangen. In 1880s, with his technologies, he invited two business partners to set up a company producing electric-powered dental drill. The company built the world’s first dental X-ray unit in 1905 and was acquired by Siemens & Halske in 1925. After that, the company has been engaged in developing and manufacturing a variety of dental equipment.

In 1997, Sirona became an independent company when Siemens sold its dental subsidy to Schroder Ventures, and acquired several industrial companies to enlarge its business in subsequent years. In 2003, the Swedish private equity firm EQT Partners acquired Sirona, only to sell this company to Madison Dearborn Partners two years later. Under their ownership, Sirona merged with Schick Technologies Inc., an American producer of X-ray devices, through a reverse takeover, resulting in a NASDAQ listing for Sirona in 2006. On 15 September 2015, Dentsply agreed to acquire Sirona Dental Systems Inc. for $5.5 billion in stock, renaming itself to Dentsply Sirona in the process.

Sirona operates its business through four segments including Dental CAD/CAM Systems, Imaging Systems, Treatment Centers and Instruments. Dental CAD/CAM is engaged in developing and providing material and equipment for dental restoration. Imaging Systems offers 2D and 3D imaging systems for dental diagnostics. Treatment Centers designs and produces dental basic infrastructure for medical centers. Additionally, Instruments segment manufactures a variety of dental treatment instrument. Its customer base consists of dental practices, clinics and laboratories and the company distributes its products through over 450 facilities in the world.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-11-22 Reiterated Rating William Blair Buy
2015-10-15 Reiterated Rating Morgan Stanley Equal Weight
2015-09-21 Downgrade Stephens Overweight to Equal Weight
2015-09-21 Upgrade William Blair Market Perform to Outperform
2015-09-16 Boost Price Target Robert W. Baird $111.00
2015-09-16 Downgrade Stifel Nicolaus Buy to Hold
2015-09-14 Downgrade Morgan Stanley Overweight to Equal Weight $101.00
2015-03-17 Downgrade William Blair Outperform to Market Perform
2015-01-27 Reiterated Rating Stifel Nicolaus Positive
2014-12-02 Boost Price Target Credit Suisse Outperform $90.00 to $100.00
2014-12-02 Boost Price Target Credit Suisse Group AG Outperform $90.00 to $100.00
2014-09-22 Upgrade Robert W. Baird Neutral to Outperform $83.00 to $88.00
2014-07-10 Reiterated Stifel Buy $82 to $94
2014-07-10 Boost Price Target Stifel Nicolaus Buy $82.00 to $94.00
2014-07-07 Boost Price Target Cantor Fitzgerald Buy $84.00 to $93.00
2014-06-23 Reiterated Rating Jefferies Group Buy $85.00 to $93.00
2014-05-12 Boost Price Target Morgan Stanley $81.00 to $86.00
2014-05-12 Boost Price Target Cantor Fitzgerald Buy $82.00 to $84.00
2014-05-12 Boost Price Target Stifel Nicolaus Buy $78.00 to $82.00
2014-05-09 Boost Price Target Jefferies Group Buy $83.00 to $85.00
2014-02-10 Reiterated Rating Morgan Stanley Overweight $78.00 to $81.00
2014-02-10 Lower Price Target Jefferies Group $85.00 to $83.00
2014-01-06 Downgrade JPMorgan Chase & Co. Overweight to Neutral $78.00 to $75.00
2013-10-04 Downgrade Bank of America Buy to Underperform $82.00 to $64.00
2013-02-20 Downgrade Robert W. Baird Outperform to Neutral $79 to $76
2013-01-28 Reiterated Cantor Fitzgerald Buy $72 to $75
2012-07-09 Upgrade Robert W. Baird Neutral to Outperform $53
2011-05-03 Reiterated Barclays Capital Overweight $58 to $60
2011-02-08 Reiterated Barrington Research Outperform $46 to $55
2010-10-06 Initiated Jefferies Hold
2010-09-22 Downgrade Robert W. Baird Outperform to Neutral $44 to $41
2010-04-23 Upgrade Barclays Capital Equal Weight to Overweight $41 to $48
2010-03-15 Upgrade Sun Trust Rbsn Humphrey Neutral to Buy $50
2010-02-09 Reiterated Credit Suisse Neutral $35 to $38
2015-11-22 Reiterated Rating William Blair Buy
2015-10-15 Reiterated Rating Morgan Stanley Equal Weight
2015-09-21 Downgrade Stephens Overweight to Equal Weight
2015-09-21 Upgrade William Blair Market Perform to Outperform
2015-09-16 Boost Price Target Robert W. Baird $111.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
FISCHER JOST Chairman and CEO 0.19%  (112249) SIRO /
BLANK SIMONE Exec Vice President and CFO 0.12%  (68500) EOLS / SIRO /
ALEXOS NICHOLAS W 0.01%  (3000) SIRO / VWR / XRAY /
SHEEHAN TIMOTHY D 0.01%  (3000) SIRO /