Envista (NYSE:NVST) Stock Rating Lowered by Robert W. Baird

Envista (NYSE:NVST) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a $26.00 price target on the stock, down from their previous price target of $34.00. Robert W. Baird’s price target would indicate a potential upside of 14.82% from the stock’s previous close.

A number of other research firms have also recently commented on NVST. Leerink Partners reduced their price objective on shares of Envista from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. BMO Capital Markets dropped their price objective on shares of Envista from $29.00 to $26.00 and set a “market perform” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. upgraded shares of Envista from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $29.00 to $32.00 in a research note on Thursday, September 3rd. Mizuho set a $29.00 target price on shares of Envista in a report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Envista from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.86.

Envista Stock Performance

Shares of NVST traded down $0.26 during mid-day trading on Thursday, reaching $22.64. The company’s stock had a trading volume of 2,541,046 shares, compared to its average volume of 2,887,598. Envista has a 1-year low of $18.77 and a 1-year high of $30.42. The stock has a market cap of $3.64 billion, a P/E ratio of 39.04, a PEG ratio of 1.17 and a beta of 0.89. The business has a 50-day simple moving average of $25.46 and a two-hundred day simple moving average of $25.64. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last issued its 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. The company had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Envista will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Mischa Reis sold 8,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the sale, the senior vice president directly owned 27,321 shares in the company, valued at $751,327.50. The trade was a 22.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Envista by 16.9% in the first quarter. Parallel Advisors LLC now owns 3,710 shares of the company’s stock valued at $94,000 after acquiring an additional 535 shares during the last quarter. Tidal Investments LLC lifted its stake in Envista by 2.4% during the second quarter. Tidal Investments LLC now owns 23,555 shares of the company’s stock worth $621,000 after purchasing an additional 547 shares during the last quarter. State of Michigan Retirement System lifted its stake in Envista by 1.5% during the first quarter. State of Michigan Retirement System now owns 39,463 shares of the company’s stock worth $1,001,000 after purchasing an additional 600 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Envista in the 2nd quarter valued at $25,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Envista by 1.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 51,873 shares of the company’s stock valued at $1,367,000 after purchasing an additional 941 shares in the last quarter.

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.