Envista’s (NVST) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Envista (NYSE:NVST) in a research report sent to investors on Friday, Marketbeat Ratings reports.

A number of other analysts have also recently issued reports on the stock. Zacks Research upgraded shares of Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Mizuho set a $29.00 price target on shares of Envista in a research note on Thursday, August 6th. Morgan Stanley set a $23.00 price target on shares of Envista in a report on Thursday, August 6th. BMO Capital Markets reissued a “market perform” rating on shares of Envista in a report on Thursday, September 10th. Finally, JPMorgan Chase & Co. upgraded Envista from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $29.00 to $32.00 in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.86.

Envista Stock Up 0.1%

NVST stock opened at $23.38 on Friday. Envista has a 1-year low of $18.77 and a 1-year high of $30.42. The business’s 50 day simple moving average is $26.96 and its 200 day simple moving average is $26.02. The company has a current ratio of 2.43, a quick ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.76 billion, a PE ratio of 40.31, a PEG ratio of 1.11 and a beta of 0.86.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. During the same quarter last year, the firm posted $0.26 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, research analysts anticipate that Envista will post 1.53 EPS for the current year.

Insider Activity at Envista

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

Institutional Trading of Envista

A number of institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Envista during the second quarter worth approximately $25,000. Allworth Financial LP raised its position in shares of Envista by 75.4% in the fourth 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. Nykredit A S bought a new stake in shares of Envista in the second quarter valued at approximately $52,000. IFP Advisors Inc boosted its stake in shares of Envista by 102.9% in the fourth quarter. IFP Advisors Inc now owns 2,112 shares of the company’s stock valued at $46,000 after buying an additional 1,071 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Envista during the second quarter worth approximately $63,000.

Key Envista News

Here are the key news stories impacting Envista this week:

• Positive Sentiment: Zacks characterized Envista as technically oversold after a 12% decline over four weeks, suggesting selling pressure may be exhausted. The firm also cited upward earnings-estimate revisions as a possible catalyst for a near-term rebound. Zacks article on buying the dip in Envista
• Positive Sentiment: Piper Sandler reaffirmed its neutral rating but set a $28 price target, implying meaningful upside from the recent trading level. Benzinga analyst rating report
• Positive Sentiment: Additional Zacks commentary highlighted Envista as a potential value stock, which may attract investors following the recent pullback. Zacks value-stock analysis

Envista Company Profile

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.