Envista (NYSE:NVST) PT Raised to $21.00 at Stifel Nicolaus

Envista (NYSE:NVST - Free Report) had its target price upped by Stifel Nicolaus from $18.00 to $21.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently commented on NVST. Wells Fargo & Company began coverage on Envista in a research report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective on the stock. Needham & Company LLC reissued a "hold" rating on shares of Envista in a report on Thursday, August 8th. JPMorgan Chase & Co. downgraded Envista from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Robert W. Baird decreased their price objective on Envista from $19.00 to $17.00 and set a "neutral" rating on the stock in a research note on Monday, July 22nd. Finally, Evercore ISI raised their price objective on Envista from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Envista presently has an average rating of "Hold" and an average target price of $19.88.

Envista Stock Up 2.3 %

Shares of NYSE NVST traded up $0.42 during trading on Wednesday, reaching $19.08. The company had a trading volume of 2,718,499 shares, compared to its average volume of 2,409,919. Envista has a 12-month low of $15.15 and a 12-month high of $25.64. The stock has a market cap of $3.28 billion, a PE ratio of -2.45 and a beta of 1.32. The business's 50-day moving average is $18.40 and its 200 day moving average is $18.08. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST - Get Free Report) last released 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 business had revenue of $633.10 million for the quarter, compared to analysts' expectations of $646.88 million. During the same period last year, the business earned $0.43 earnings per share. The company's quarterly revenue 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 fiscal year.

Insiders Place Their Bets

In other Envista news, CFO Eric D. Hammes acquired 24,532 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the acquisition, the chief financial officer now directly owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Envista

A number of large investors have recently bought and sold shares of NVST. Jupiter Asset Management Ltd. purchased a new position in Envista during the 2nd quarter valued at $69,534,000. Pacer Advisors Inc. lifted its holdings in shares of Envista by 11,202.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,887,426 shares of the company's stock worth $48,018,000 after buying an additional 2,861,880 shares during the period. Swedbank AB purchased a new stake in shares of Envista in the 1st quarter worth $53,412,000. Nuance Investments LLC lifted its holdings in shares of Envista by 47.2% in the 2nd quarter. Nuance Investments LLC now owns 7,038,313 shares of the company's stock worth $117,048,000 after buying an additional 2,256,993 shares during the period. Finally, Ariel Investments LLC lifted its holdings in shares of Envista by 25.3% in the 1st quarter. Ariel Investments LLC now owns 8,892,200 shares of the company's stock worth $190,115,000 after buying an additional 1,795,258 shares during the period.

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.