Zacks Research Downgrades Envista (NYSE:NVST) to Hold

Envista (NYSE:NVST) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley set a $23.00 target price on shares of Envista in a report on Thursday, August 6th. Weiss Ratings raised Envista from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Mizuho set a $29.00 target price on shares of Envista in a report on Thursday, August 6th. JPMorgan Chase & Co. raised Envista from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $29.00 to $32.00 in a research note on Thursday, September 3rd. Finally, Robert W. Baird set a $34.00 target price on shares of Envista in a research report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.79.

Envista Stock Down 0.3%

Shares of NYSE NVST opened at $23.27 on Monday. The business has a 50-day moving average price of $26.25 and a 200 day moving average price of $25.78. The stock has a market cap of $3.74 billion, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.13 and a beta of 0.89. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. Envista has a 52-week low of $18.77 and a 52-week high of $30.42.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Envista had a return on equity of 7.88% and a net margin of 3.33%.The company had revenue of $730.50 million for the quarter, compared to analyst estimates of $716.11 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Equities research analysts forecast that Envista will post 1.53 earnings per share for the current year.

Insider Transactions at Envista

In related news, SVP Mischa Reis sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total transaction of $220,000.00. Following the sale, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Envista

Several institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in Envista by 341.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after acquiring an additional 2,210,847 shares during the period. Wellington Management Group LLP grew its stake in shares of Envista by 2,662.1% in the second quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock valued at $44,437,000 after buying an additional 1,625,360 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Envista in the second quarter valued at about $37,316,000. Pzena Investment Management LLC purchased a new stake in shares of Envista during the 2nd quarter valued at about $30,494,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Envista by 195.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,208,165 shares of the company’s stock valued at $30,651,000 after buying an additional 799,900 shares during the period.

About Envista

Envista Holdings Corporation (NYSE: NVST) is a global dental-products and technologies company that develops, manufactures and markets equipment, consumables and digital solutions for dental professionals, laboratories and specialists. Its offerings support diagnosis, treatment planning, restorative dentistry, orthodontics, implant dentistry and related clinical procedures.

The company’s portfolio includes dental imaging systems and software, treatment units, handpieces, infection-control products, restorative materials, endodontic products, orthodontic brackets and aligners, dental implants, prosthetic components and laboratory solutions.