Envista (NYSE:NVST) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Envista from “strong buy” to “hold,” reinforcing a broader consensus “Hold” rating. Analysts’ average price target is $29.79.
• Envista shares opened at $23.27, below their 50-day and 200-day moving averages, with a market capitalization of approximately $3.74 billion.
• The company exceeded quarterly expectations, reporting $0.41 in earnings per share versus a $0.34 estimate and revenue of $730.5 million, up 7.1% year over year.

Envista (NYSE:NVST - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Envista in a report on Friday, September 18th. UBS Group decreased their price target on shares of Envista from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Friday, September 18th. BMO Capital Markets cut their price target on shares of Envista from $29.00 to $26.00 and set a "market perform" rating on the stock in a report on Monday, September 28th. Weiss Ratings upgraded Envista from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Morgan Stanley set a $23.00 target price on Envista in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Envista has a consensus rating of "Hold" and an average target price of $29.79.

Envista Price Performance

Shares of NYSE:NVST opened at $23.27 on Monday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 1.13 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The firm has a 50 day simple moving average of $26.25 and a 200 day simple moving average of $25.78. Envista has a one year low of $18.77 and a one year high of $30.42.

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

Insider Transactions at Envista

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

Institutional Trading of Envista

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Envista by 16.9% during the first quarter. Parallel Advisors LLC now owns 3,710 shares of the company's stock worth $94,000 after acquiring an additional 535 shares during the period. Tidal Investments LLC increased its position in shares of Envista by 2.4% during the 2nd quarter. Tidal Investments LLC now owns 23,555 shares of the company's stock valued at $621,000 after purchasing an additional 547 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Envista by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 39,463 shares of the company's stock valued at $1,001,000 after purchasing an additional 600 shares during the last quarter. Fox Run Management L.L.C. raised its stake in shares of Envista by 1.8% during the 4th quarter. Fox Run Management L.L.C. now owns 43,982 shares of the company's stock worth $955,000 after purchasing an additional 767 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Envista in the 2nd quarter worth about $25,000.

About Envista

Envista Holdings Corporation NYSE: NVST is a global dental-products and technologies company that develops, manufactures and markets equipment, consumables and digital solutions for dental professionals, laboratories and specialists. Its offerings support diagnosis, treatment planning, restorative dentistry, orthodontics, implant dentistry and related clinical procedures.

The company's portfolio includes dental imaging systems and software, treatment units, handpieces, infection-control products, restorative materials, endodontic products, orthodontic brackets and aligners, dental implants, prosthetic components and laboratory solutions.

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