UBS Group Forecasts Strong Price Appreciation for Envista (NYSE:NVST) Stock

Key Points

• UBS Group has raised its price target for Envista from $18.00 to $22.00, signaling a potential upside of 6.74% from the stock's previous close, while maintaining a "neutral" rating.
• The stock currently has an average price target of $20.54, with a mixed rating distribution: nine hold ratings, four buy ratings, and one strong buy rating from analysts.
• Envista reported $0.24 EPS for the last quarter, surpassing expectations, despite a 1.1% decrease in revenue year-over-year, totaling $616.90 million.

Envista (NYSE:NVST - Free Report) had its price objective hoisted by UBS Group from $18.00 to $22.00 in a research report report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also recently weighed in on NVST. Evercore ISI lifted their price target on Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Morgan Stanley set a $16.00 price target on Envista in a report on Tuesday, April 15th. Bank of America reduced their price target on Envista from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler reduced their price target on Envista from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.92.

Envista Stock Performance

Shares of NVST stock traded up $1.89 during trading on Tuesday, reaching $20.78. 6,198,369 shares of the company's stock were exchanged, compared to its average volume of 2,628,731. The company has a quick ratio of 1.82, a current ratio of 2.12 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.52 billion, a PE ratio of -3.18, a PEG ratio of 1.26 and a beta of 1.00. Envista has a twelve month low of $14.22 and a twelve month high of $23.00. The firm's fifty day moving average price is $19.33 and its 200-day moving average price is $18.60.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $682.10 million during the quarter, compared to analysts' expectations of $638.21 million. Envista had a positive return on equity of 4.07% and a negative net margin of 44.90%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS. As a group, sell-side analysts anticipate that Envista will post 1 EPS for the current year.

Institutional Investors Weigh In On Envista

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Treasurer of the State of North Carolina boosted its position in Envista by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 75,560 shares of the company's stock worth $1,458,000 after purchasing an additional 480 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Envista by 5.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,100 shares of the company's stock valued at $393,000 after acquiring an additional 1,067 shares during the last quarter. Palouse Capital Management Inc. boosted its position in shares of Envista by 14.4% during the first 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 in the last quarter. California Public Employees Retirement System lifted its position in Envista by 0.4% during the 4th quarter. California Public Employees Retirement System now owns 288,546 shares of the company's stock valued at $5,566,000 after acquiring an additional 1,272 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Envista by 100.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,792 shares of the company's stock worth $55,000 after buying an additional 1,397 shares in 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.