Sirona gets 'buy' recommendation from brokerages

Sirona Dental Systems has a "buy" recommendation from many ratings firms that are covering the stock, according to a report from the Analyst Ratings Network. Firms such as Stifel Nicolaus, Jefferies Group, Goldman Sachs, Bank of America, and Cantor Fitzgerald have issued these "buy" recommendations, with an average one-year target price among brokers that have updated their coverage on the stock in the last year is $89.86.

This is the second time that Sirona's stock has recently been highlighted, as stock guru Jim Cramer also targeted it for growth last month.

Credit Suisse analysts raised their price target on shares of Sirona from $90 to $100 in a research note early last month. They now have an "outperform" rating on the stock. The stock, traded on the Nasdaq market, was at just under $87.00 on Monday morning.

Sirona posted quarterly earnings results on Friday, November 21. The company had revenues of $290 million for the quarter and posted $0.81 earnings per share. The company's quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Sirona Dental Systems will post $4.01 earnings per share for the current fiscal year.

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