Analysts Set Envista Holdings Co. (NYSE:NVST) Target Price at $19.14

Shares of Envista Holdings Co. (NYSE:NVST) have earned an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.59.

A number of equities analysts recently issued reports on NVST shares. JPMorgan Chase & Co. cut shares of Envista from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $16.00 in a research note on Thursday, August 8th. Evercore ISI upped their price target on shares of Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Bank of America dropped their price target on shares of Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus dropped their price target on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research note on Thursday, August 8th.

Envista Stock Up 2.6 %

NYSE:NVST opened at $19.76 on Friday. The firm’s 50-day moving average price is $17.67 and its 200-day moving average price is $18.44. The company has a market capitalization of $3.40 billion, a PE ratio of -27.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. Envista has a 1-year low of $15.15 and a 1-year high of $28.55.

Envista (NYSE:NVST) last released its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $646.88 million. Envista had a positive return on equity of 4.86% and a negative net margin of 52.25%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. On average, equities analysts predict that Envista will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at Envista

In other Envista news, CFO Eric D. Hammes acquired 24,532 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the purchase, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at $400,607.56. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Envista

Several institutional investors have recently made changes to their positions in the business. William Blair Investment Management LLC lifted its stake in shares of Envista by 4.0% in the 1st quarter. William Blair Investment Management LLC now owns 14,049 shares of the company’s stock worth $300,000 after purchasing an additional 538 shares during the period. Securian Asset Management Inc. boosted its position in shares of Envista by 4.3% in the fourth quarter. Securian Asset Management Inc. now owns 14,465 shares of the company’s stock worth $348,000 after purchasing an additional 590 shares during the period. American International Group Inc. boosted its position in shares of Envista by 0.3% in the fourth quarter. American International Group Inc. now owns 231,461 shares of the company’s stock worth $5,569,000 after purchasing an additional 650 shares during the period. Victory Capital Management Inc. increased its stake in shares of Envista by 2.3% in the second quarter. Victory Capital Management Inc. now owns 36,021 shares of the company’s stock worth $599,000 after purchasing an additional 800 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of Envista by 8.1% during the 4th quarter. United Services Automobile Association now owns 12,284 shares of the company’s stock valued at $296,000 after purchasing an additional 919 shares during the period.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.