Envista (NYSE:NVST) Reaches New 12-Month Low – Should You Sell?

Envista Holdings Co. (NYSE:NVST)’s stock price reached a new 52-week low on Friday . The company traded as low as $14.82 and last traded at $15.13, with a volume of 290644 shares changing hands. The stock had previously closed at $16.10.

Analyst Ratings Changes

NVST has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. New Street Research set a $19.00 target price on shares of Envista in a report on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of Envista from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. UBS Group cut their price target on shares of Envista from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. Finally, Morgan Stanley lowered their target price on Envista from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Envista has an average rating of “Hold” and a consensus target price of $20.18.

Envista Trading Down 3.9 %

The company has a current ratio of 2.04, a quick ratio of 1.76 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $19.18 and its 200 day moving average price is $19.53. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -2.38, a P/E/G ratio of 1.27 and a beta of 1.12.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that Envista Holdings Co. will post 1 EPS for the current year.

Institutional Trading of Envista

A number of hedge funds and other institutional investors have recently bought and sold shares of NVST. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Envista during the fourth quarter valued at about $53,000. Lecap Asset Management Ltd. bought a new position in Envista during the 4th quarter valued at $281,000. Geode Capital Management LLC boosted its holdings in Envista by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,895,653 shares of the company’s stock worth $57,233,000 after purchasing an additional 71,435 shares during the last quarter. Hantz Financial Services Inc. grew its position in Envista by 146.6% in the 4th quarter. Hantz Financial Services Inc. now owns 110,489 shares of the company’s stock worth $2,131,000 after purchasing an additional 65,679 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Envista in the 3rd quarter valued at about $228,000.

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.