Envista (NYSE:NVST) Downgraded to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Envista from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $29.71 target price.
• Envista reported quarterly EPS of $0.41, beating estimates of $0.34, and revenue of $730.5 million, up 7.1% year over year and above expectations.
• Shares opened at $27.12, down 1.7%; meanwhile, senior vice president Mischa Reis sold 8,000 shares under a pre-arranged Rule 10b5-1 trading plan.

Envista (NYSE:NVST - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

NVST has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft set a $32.00 target price on shares of Envista in a research report on Thursday. JPMorgan Chase & Co. raised Envista from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $29.00 to $32.00 in a research note on Thursday. Zacks Research upgraded Envista from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. BMO Capital Markets began coverage on Envista in a research report on Wednesday, July 8th. They issued a "market perform" rating and a $27.00 price objective for the company. Finally, Morgan Stanley set a $23.00 target price on Envista in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.71.

Envista Trading Down 1.7%

Shares of NVST stock opened at $27.12 on Friday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 1.31 and a beta of 0.86. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $27.23 and a 200 day moving average price of $26.29. Envista has a twelve month low of $18.77 and a twelve month high of $30.42.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $730.50 million for the quarter, compared to analysts' expectations of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Research analysts forecast that Envista will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Envista

In related news, SVP Mischa Reis sold 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the transaction, the senior vice president directly owned 27,321 shares of the company's stock, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Envista

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVST. Parallel Advisors LLC grew its holdings in shares of Envista by 13.1% during the 4th quarter. Parallel Advisors LLC now owns 3,175 shares of the company's stock worth $69,000 after purchasing an additional 367 shares during the period. Bank of Montreal Can raised its holdings in Envista by 1.4% in the fourth quarter. Bank of Montreal Can now owns 26,178 shares of the company's stock valued at $568,000 after buying an additional 372 shares during the period. Sepio Capital LP lifted its position in Envista by 1.2% during the fourth quarter. Sepio Capital LP now owns 31,632 shares of the company's stock valued at $687,000 after buying an additional 374 shares in the last quarter. Deutsche Bank AG grew its stake in Envista by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,412 shares of the company's stock worth $378,000 after buying an additional 484 shares during the period. Finally, State of Michigan Retirement System grew its stake in Envista by 1.5% during the first quarter. State of Michigan Retirement System now owns 39,463 shares of the company's stock worth $1,001,000 after buying an additional 600 shares during the period.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company's offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista's product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.

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