Envista (NYSE:NVST) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Envista (NYSE:NVST) from a neutral rating to an overweight rating in a research report released on Thursday, Marketbeat reports. JPMorgan Chase & Co. currently has $32.00 price objective on the stock, up from their previous price objective of $29.00.

Other analysts also recently issued reports about the company. Evercore reissued an “outperform” rating and issued a $33.00 target price on shares of Envista in a research report on Thursday, May 7th. Mizuho set a $29.00 price target on Envista in a research report on Thursday, August 6th. Barclays cut their price target on Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, June 11th. Weiss Ratings raised Envista from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.71.

Envista Stock Down 1.7%

NVST opened at $27.12 on Thursday. Envista has a twelve month low of $18.77 and a twelve month high of $30.42. The company’s 50-day moving average price is $27.23 and its two-hundred day moving average price is $26.29. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 46.76, a PEG ratio of 1.30 and a beta of 0.86. 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 (NYSE:NVST) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company had revenue of $730.50 million during the quarter, compared to analyst estimates of $716.11 million. During the same quarter last year, the business posted $0.26 EPS. Envista’s quarterly 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. As a group, equities analysts expect that Envista will post 1.53 earnings per share for the current year.

Insider Transactions at Envista

In other Envista news, SVP Mischa Reis sold 8,000 shares of the stock in a transaction on Thursday, August 20th. The stock was 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 $751,327.50. This represents a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by insiders.

Hedge Funds Weigh In On Envista

Hedge funds have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Envista during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in Envista by 16,711.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock valued at $31,000 after buying an additional 1,504 shares in the last quarter. Allworth Financial LP grew its holdings in Envista by 75.4% during the 4th quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock valued at $39,000 after buying an additional 776 shares in the last quarter. UMB Bank n.a. increased its position in shares of Envista by 46.1% during the fourth quarter. UMB Bank n.a. now owns 2,017 shares of the company’s stock valued at $44,000 after buying an additional 636 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Envista by 73.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after buying an additional 949 shares during the period.

Envista Company Profile

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.