Envista Holdings Corporation (NYSE:NVST) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts rate Envista “Moderate Buy”: Of 16 analysts covering the stock, six recommend buying, one strongly recommends buying and nine rate it a hold. The average 12-month price target is $29.31, compared with a recent price of $27.21.
• Quarterly results exceeded expectations: Envista reported $0.41 in quarterly EPS versus the $0.34 consensus estimate, while revenue rose 7.1% year over year to $730.5 million, ahead of the $716.1 million forecast.
• Institutional ownership increased: Major investors including Millennium Management, Arrowstreet Capital and Wellington Management significantly expanded their positions, while Holocene Advisors and Norges Bank initiated new stakes.

Envista Holdings Corporation (NYSE:NVST - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $29.3077.

NVST has been the subject of a number of research reports. Wall Street Zen raised shares of Envista from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings upgraded Envista from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. BMO Capital Markets began coverage on Envista in a research note on Wednesday, July 8th. They set a "market perform" rating and a $27.00 price objective for the company. Zacks Research upgraded Envista from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $23.00 target price on Envista in a report on Thursday, August 6th.

Envista Price Performance

Envista stock opened at $27.21 on Friday. The stock has a market capitalization of $4.37 billion, a P/E ratio of 46.91, a P/E/G ratio of 1.28 and a beta of 0.86. The company's fifty day moving average price is $26.90 and its 200 day moving average price is $26.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. Envista has a 1 year low of $18.77 and a 1 year high of $30.42.

Envista (NYSE:NVST - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $730.50 million during 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Envista will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in Envista by 1,442.7% during the 4th quarter. Millennium Management LLC now owns 2,420,615 shares of the company's stock worth $52,552,000 after purchasing an additional 2,263,712 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Envista in the second quarter valued at about $43,936,000. Arrowstreet Capital Limited Partnership raised its position in shares of Envista by 341.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company's stock valued at $72,515,000 after buying an additional 2,210,847 shares during the last quarter. Norges Bank purchased a new position in shares of Envista in the fourth quarter worth about $45,113,000. Finally, Wellington Management Group LLP lifted its stake in shares of Envista by 2,662.1% in the second quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company's stock worth $44,437,000 after buying an additional 1,625,360 shares in the last quarter.

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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