Envista Holdings Corporation (NYSE:NVST) Receives $20.23 Average Price Target from Brokerages

Envista Holdings Corporation (NYSE:NVST - Get Free Report) has received a consensus rating of "Hold" from the fifteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.23.

Several equities research analysts have weighed in on the stock. New Street Research set a $19.00 price target on shares of Envista in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of Envista from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Baird R W raised shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Wells Fargo & Company set a $19.00 price target on shares of Envista in a research note on Saturday, March 8th. Finally, Piper Sandler reduced their price objective on shares of Envista from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ariel Investments LLC boosted its holdings in Envista by 0.7% during the first quarter. Ariel Investments LLC now owns 12,144,745 shares of the company's stock worth $209,618,000 after purchasing an additional 85,121 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Envista by 24.0% during the first quarter. Dimensional Fund Advisors LP now owns 8,387,297 shares of the company's stock worth $144,760,000 after purchasing an additional 1,625,206 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Envista by 72.6% during the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company's stock worth $132,223,000 after purchasing an additional 2,882,844 shares during the last quarter. Gates Capital Management Inc. boosted its holdings in Envista by 10.0% during the first quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company's stock worth $89,126,000 after purchasing an additional 469,597 shares during the last quarter. Finally, Clarkston Capital Partners LLC boosted its holdings in Envista by 9.3% during the first quarter. Clarkston Capital Partners LLC now owns 4,686,747 shares of the company's stock worth $80,893,000 after purchasing an additional 398,672 shares during the last quarter.

Envista Trading Up 1.7%

NYSE NVST traded up $0.33 during mid-day trading on Monday, reaching $19.68. 1,334,347 shares of the stock were exchanged, compared to its average volume of 2,499,069. Envista has a one year low of $14.22 and a one year high of $23.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.12 and a quick ratio of 1.82. The stock has a market cap of $3.33 billion, a P/E ratio of -3.01, a P/E/G ratio of 1.23 and a beta of 0.99. The stock has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $18.45.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. Envista had a negative net margin of 44.90% and a positive return on equity of 4.07%. The firm had revenue of $616.90 million during the quarter, compared to the consensus estimate of $608.17 million. During the same period in the previous year, the firm posted $0.26 earnings per share. The business's revenue was down 1.1% compared to the same quarter last year. On average, analysts anticipate that Envista will post 1 EPS for the current year.

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.