Envista Holdings Corporation (NYSE:NVST) Receives Average Rating of "Hold" from Brokerages

Key Points

• Envista Holdings Corporation has an average analyst rating of "Hold", with one sell rating, ten hold ratings, four buy ratings, and one strong buy rating.
• Recent price target adjustments include Morgan Stanley increasing their target from $16.00 to $17.00 and Wells Fargo raising it from $17.00 to $19.00.
• Envista reported $682.10 million in quarterly revenue and $0.26 earnings per share, surpassing analysts' expectations of $638.21 million revenue and $0.24 EPS.

Shares of Envista Holdings Corporation (NYSE:NVST - Get Free Report) have been assigned an average recommendation of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.9231.

Several research firms have commented on NVST. Morgan Stanley boosted their target price on shares of Envista from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Wells Fargo & Company upped their price objective on shares of Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. Mizuho increased their target price on shares of Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a research report on Friday, August 1st. Wall Street Zen cut Envista from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. Finally, Stifel Nicolaus increased their price objective on Envista from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, August 1st.

Envista Price Performance

NVST opened at $20.37 on Wednesday. The stock has a fifty day moving average price of $20.72 and a 200 day moving average price of $18.79. The company has a current ratio of 2.44, a quick ratio of 2.08 and a debt-to-equity ratio of 0.46. Envista has a 1 year low of $14.22 and a 1 year high of $23.00. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 63.66, a PEG ratio of 1.08 and a beta of 0.99.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $682.10 million during the quarter, compared to the consensus estimate of $638.21 million. Envista had a return on equity of 4.84% and a net margin of 2.11%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. Envista has set its FY 2025 guidance at 1.050-1.15 EPS. Analysts forecast that Envista will post 1 EPS for the current fiscal year.

Institutional Trading of Envista

Several large investors have recently modified their holdings of NVST. UMB Bank n.a. raised its holdings in Envista by 214.4% in the 1st quarter. UMB Bank n.a. now owns 2,094 shares of the company's stock worth $36,000 after acquiring an additional 1,428 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Envista by 73.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company's stock valued at $44,000 after purchasing an additional 949 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Envista by 378.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,414 shares of the company's stock worth $47,000 after purchasing an additional 1,909 shares during the period. Parallel Advisors LLC lifted its position in shares of Envista by 100.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,792 shares of the company's stock worth $55,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Palouse Capital Management Inc. boosted its stake in Envista by 14.4% during the 1st quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock valued at $163,000 after purchasing an additional 1,186 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.

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