Envista (NYSE:NVST) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Envista (NYSE:NVST) in a research note published on Thursday morning,Benzinga reports.

A number of other research analysts have also issued reports on NVST. Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on Envista from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Leerink Partners raised Envista from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $16.00 to $23.00 in a research note on Thursday, October 31st. Robert W. Baird boosted their price objective on Envista from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.21.

Envista Stock Performance

NYSE:NVST opened at $21.76 on Thursday. Envista has a 12-month low of $15.15 and a 12-month high of $24.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The business has a 50 day simple moving average of $19.97 and a 200 day simple moving average of $19.10.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. On average, equities analysts anticipate that Envista will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Envista

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of Envista by 22.2% during the third quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock worth $69,749,000 after purchasing an additional 642,401 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Envista by 8.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company’s stock worth $26,394,000 after purchasing an additional 100,360 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Envista by 138.5% during the third quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock worth $7,995,000 after purchasing an additional 234,941 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Envista during the fourth quarter worth $53,000. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Envista during the third quarter worth $14,965,000.

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.