Stifel Nicolaus Forecasts Strong Price Appreciation for Envista (NYSE:NVST) Stock

Key Points

• Stifel Nicolaus has raised its target price for Envista (NYSE:NVST) stock from $24.00 to $25.00, indicating a potential upside of 20.62% from its previous close and maintaining a "buy" rating.
• Envista's stock traded up 9.7%, reaching $20.73, with a trading volume exceeding its average, amidst positive sentiment from multiple research analysts.
• The company reported an EPS of $0.26 for the last quarter, surpassing estimates and showing a revenue increase of 7.7% year-over-year.

Envista (NYSE:NVST - Free Report) had its price target hoisted by Stifel Nicolaus from $24.00 to $25.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Mizuho raised their price target on Envista from $15.00 to $18.00 and gave the stock an "underperform" rating in a report on Friday. Baird R W raised Envista from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Robert W. Baird raised Envista from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $21.00 to $23.00 in a report on Tuesday, May 27th. Evercore ISI lifted their target price on Envista from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their target price on Envista from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday. One analyst has rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price 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 stock traded hands, compared to its average volume of 2,619,038. The company's 50 day moving average is $19.49 and its 200 day moving average is $18.61. Envista has a one year low of $14.22 and a one year high of $23.00. The stock has a market capitalization of $3.35 billion, a PE ratio of 63.03, a P/E/G ratio of 1.22 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.44 and a quick ratio of 2.08.

Envista (NYSE:NVST - Get Free Report) last released its 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. Envista had a return on equity of 4.84% and a net margin of 2.11%. The business had revenue of $682.10 million for the quarter, compared to analyst estimates of $638.21 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that Envista will post 1 earnings per share for the current year.

Institutional Trading of Envista

A number of institutional investors and hedge funds have recently made changes to their positions in NVST. UMB Bank n.a. grew 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 valued at $36,000 after buying an additional 1,428 shares in the last quarter. Parallel Advisors LLC lifted its stake in 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 acquiring an additional 1,397 shares in the last quarter. Palouse Capital Management Inc. increased its holdings in Envista by 14.4% during the 1st quarter. Palouse Capital Management Inc. now owns 9,444 shares of the company's stock worth $163,000 after purchasing an additional 1,186 shares during the period. FourThought Financial Partners LLC purchased a new stake in Envista during the 1st quarter worth about $180,000. Finally, Vestcor Inc purchased a new position in shares of Envista in the 1st quarter valued at about $211,000.

About Envista

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.