Envista Holdings Co. (NYSE:NVST) Given Consensus Recommendation of “Hold” by Brokerages

Envista Holdings Co. (NYSE:NVST) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.59.

Several equities research analysts recently weighed in on the company. Bank of America decreased their price objective on Envista from $22.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus lowered their price target on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded shares of Envista from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $16.00 in a report on Thursday, August 8th. Robert W. Baird lowered their target price on shares of Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Piper Sandler cut their price target on Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th.

Insider Activity at Envista

In related news, CFO Eric D. Hammes purchased 24,532 shares of the business’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $16.33 per share, with a total value of $400,607.56. Following the purchase, the chief financial officer now directly owns 24,532 shares in the company, valued at $400,607.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in Envista by 1,420.3% in the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after buying an additional 2,940 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Envista by 538.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,209 shares of the company’s stock valued at $77,000 after purchasing an additional 2,706 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Envista during the 2nd quarter valued at $78,000. Summit Securities Group LLC purchased a new position in Envista in the 2nd quarter worth $85,000. Finally, Signaturefd LLC lifted its stake in Envista by 85.9% in the second quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock worth $89,000 after purchasing an additional 2,470 shares during the last quarter.

Envista Stock Performance

Shares of NVST stock opened at $18.64 on Friday. Envista has a 52 week low of $15.15 and a 52 week high of $28.67. The firm’s 50-day simple moving average is $17.52 and its two-hundred day simple moving average is $18.44. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -25.94 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.90 and a current ratio of 2.22.

Envista (NYSE:NVST) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The firm had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $646.88 million. During the same quarter in the previous year, the company posted $0.43 EPS. Envista’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts forecast that Envista will post 0.69 earnings per share for the current year.

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.