Jefferies Financial Group Boosts Envista (NYSE:NVST) Price Target to $22.00

Envista (NYSE:NVST) had its target price boosted by equities research analysts at Jefferies Financial Group from $20.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 4.35% from the stock’s previous close.

Several other research firms have also recently issued reports on NVST. Stifel Nicolaus lifted their price objective on shares of Envista from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird upped their price target on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler upped their price objective on Envista from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company began coverage on shares of Envista in a research report on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Envista has an average rating of “Hold” and a consensus target price of $20.13.

Envista Stock Up 0.2 %

NVST traded up $0.03 on Thursday, hitting $21.08. The company had a trading volume of 377,694 shares, compared to its average volume of 1,713,624. The firm has a market capitalization of $3.63 billion, a P/E ratio of -2.72, a P/E/G ratio of 1.83 and a beta of 1.33. The stock has a fifty day simple moving average of $19.99 and a 200-day simple moving average of $18.78. Envista has a 52-week low of $15.15 and a 52-week high of $24.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.77.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The firm had revenue of $601.00 million for the quarter, compared to analysts’ expectations of $590.34 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities analysts expect that Envista will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in shares of Envista by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 145,877 shares of the company’s stock worth $2,426,000 after purchasing an additional 1,648 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Envista by 13.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 13,753 shares of the company’s stock valued at $229,000 after acquiring an additional 1,670 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Envista by 85.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 29,809 shares of the company’s stock worth $496,000 after acquiring an additional 13,763 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Envista by 9,626.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 252,900 shares of the company’s stock valued at $4,206,000 after acquiring an additional 250,300 shares during the period. Finally, Sei Investments Co. boosted its stake in Envista by 20.4% during the 2nd quarter. Sei Investments Co. now owns 925,170 shares of the company’s stock worth $15,386,000 after purchasing an additional 157,048 shares during the period.

About Envista

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.