Envista (NYSE:NVST) Price Target Raised to $18.00 at Mizuho

Key Points

• Mizuho analysts have raised their price target for Envista (NYSE:NVST) from $15.00 to $18.00, indicating a potential downside of 13.34% from the current stock price despite an "underperform" rating.
• Various other analysts have increased their price targets for Envista, with Evercore ISI setting a target of $23.00 and UBS Group setting a target of $22.00, suggesting a more favorable outlook.
• Envista reported positive quarterly earnings, with an EPS of $0.26, exceeding analysts' estimates and showing a 7.7% revenue increase year-over-year.

Envista (NYSE:NVST - Get Free Report) had its price objective raised by stock analysts at Mizuho from $15.00 to $18.00 in a report released on Friday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Mizuho's price target suggests a potential downside of 10.76% from the stock's previous close.

A number of other research firms have also weighed in on NVST. Baird R W upgraded shares of Envista from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Morgan Stanley boosted their price objective on shares of Envista from $16.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday. Evercore ISI boosted their price objective on shares of Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Robert W. Baird raised shares of Envista from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $21.00 to $23.00 in a research note on Tuesday, May 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $20.92.

Envista Price Performance

Shares of NYSE NVST traded down $0.31 during midday trading on Friday, reaching $20.17. 631,694 shares of the company were exchanged, compared to its average volume of 2,619,038. The company has a quick ratio of 2.08, a current ratio of 2.44 and a debt-to-equity ratio of 0.46. Envista has a one year low of $14.22 and a one year high of $23.00. The stock has a market cap of $3.35 billion, a P/E ratio of 63.03, a PEG ratio of 1.22 and a beta of 1.00. The stock's 50-day moving average price is $19.49 and its 200-day moving average price is $18.61.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Envista had a net margin of 2.11% and a return on equity of 4.84%. The firm had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business's quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Envista will post 1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ariel Investments LLC grew its position in Envista by 0.7% during the 1st 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 raised its position 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 acquiring an additional 1,625,206 shares during the period. Gates Capital Management Inc. raised its position in shares of Envista by 10.0% in the first quarter. Gates Capital Management Inc. now owns 5,163,745 shares of the company's stock valued at $89,126,000 after buying an additional 469,597 shares during the last quarter. Clarkston Capital Partners LLC raised its position in shares of Envista by 9.3% in the first quarter. Clarkston Capital Partners LLC now owns 4,686,747 shares of the company's stock valued at $80,893,000 after buying an additional 398,672 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Envista by 1,985.1% in the first quarter. Alliancebernstein L.P. now owns 4,550,789 shares of the company's stock valued at $78,547,000 after buying an additional 4,332,541 shares during the last quarter.

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.