Envista Holdings Co. (NYSE:NVST) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Envista Holdings Co. (NYSE:NVST - Get Free Report) have been assigned an average rating of "Hold" from the fifteen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $20.71.

Several equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company assumed coverage on Envista in a report on Tuesday, October 8th. They issued an "equal weight" rating and a $20.00 price objective for the company. Evercore ISI upped their price objective on shares of Envista from $18.00 to $23.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Finally, Piper Sandler lifted their target price on shares of Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In other news, CFO Eric D. Hammes purchased 24,532 shares of the stock in a transaction on Monday, August 12th. The shares were acquired at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the completion of the transaction, the chief financial officer now directly owns 24,532 shares of the company's stock, valued at approximately $400,607.56. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Envista in the third quarter worth approximately $31,000. GAMMA Investing LLC grew its holdings in Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after acquiring an additional 726 shares during the last quarter. Huntington National Bank increased its position in shares of Envista by 97.8% in the third quarter. Huntington National Bank now owns 1,919 shares of the company's stock valued at $38,000 after acquiring an additional 949 shares during the period. Blue Trust Inc. boosted its holdings in shares of Envista by 69.7% during the third quarter. Blue Trust Inc. now owns 1,957 shares of the company's stock worth $39,000 after purchasing an additional 804 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Envista by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,161 shares of the company's stock worth $43,000 after purchasing an additional 728 shares during the period.

Envista Stock Down 4.7 %

NYSE NVST traded down $1.01 during trading hours on Friday, hitting $20.39. 1,648,190 shares of the company traded hands, compared to its average volume of 2,282,132. 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's 50-day moving average is $18.92 and its 200-day moving average is $18.11. Envista has a twelve month low of $15.15 and a twelve month high of $25.64. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -2.62, a P/E/G ratio of 3.08 and a beta of 1.30.

Envista (NYSE:NVST - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The company had revenue of $601.00 million during the quarter, compared to analysts' expectations of $590.34 million. During the same quarter last year, the company posted $0.43 EPS. Envista's quarterly revenue was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Envista will post 0.71 earnings per share for the current year.

Envista Company Profile

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.