Envista Holdings Co. (NYSE:NVST) Receives $20.18 Consensus Target Price from Analysts

Envista Holdings Co. (NYSE:NVST) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $20.18.

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Envista from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Needham & Company LLC reissued a “hold” rating on shares of Envista in a report on Thursday, March 6th. Morgan Stanley decreased their price target on Envista from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Mizuho began coverage on Envista in a report on Wednesday, December 4th. They set an “underperform” rating and a $20.00 price target for the company. Finally, Wells Fargo & Company set a $19.00 price target on Envista in a report on Saturday, March 8th.

Institutional Investors Weigh In On Envista

A number of hedge funds and other institutional investors have recently bought and sold shares of NVST. Huntington National Bank lifted its holdings in Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company’s stock valued at $38,000 after acquiring an additional 949 shares during the period. Venturi Wealth Management LLC increased its position in shares of Envista by 528.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company’s stock valued at $38,000 after buying an additional 1,638 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Envista by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 2,304 shares of the company’s stock valued at $44,000 after buying an additional 538 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Envista in the fourth quarter valued at $53,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Envista in the fourth quarter valued at $86,000.

Envista Price Performance

NVST stock opened at $16.63 on Friday. The company has a market capitalization of $2.86 billion, a P/E ratio of -2.56, a PEG ratio of 1.27 and a beta of 1.33. Envista has a twelve month low of $15.15 and a twelve month high of $23.00. The business has a 50 day simple moving average of $19.76 and a 200-day simple moving average of $19.58. The company has a current ratio of 2.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.44.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. As a group, equities analysts anticipate that Envista will post 1 EPS for the current year.

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.