Envista Holdings Co. (NYSE:NVST) Given Average Recommendation of "Hold" by Brokerages

Shares of Envista Holdings Co. (NYSE:NVST - Get Free Report) have received a consensus rating of "Hold" from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.63.

NVST has been the subject of a number of research reports. Stifel Nicolaus lowered their target price on Envista from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Tuesday, July 30th. Bank of America lowered their price target on shares of Envista from $22.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Needham & Company LLC restated a "hold" rating on shares of Envista in a research report on Thursday, August 8th. Evercore ISI boosted their target price on Envista from $18.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. downgraded Envista from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th.

Insider Buying and Selling

In other Envista news, CFO Eric D. Hammes bought 24,532 shares of the firm's stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of Envista

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased 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 in the last quarter. Versant Capital Management Inc increased its stake in shares of Envista by 1,420.3% during the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock worth $52,000 after purchasing an additional 2,940 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Envista during the 2nd quarter worth about $78,000. Summit Securities Group LLC acquired a new stake in Envista in the 2nd quarter worth about $85,000. Finally, Signaturefd LLC increased its stake in Envista by 85.9% during the 2nd quarter. Signaturefd LLC now owns 5,345 shares of the company's stock worth $89,000 after buying an additional 2,470 shares in the last quarter.

Envista Stock Performance

Shares of Envista stock traded up $0.48 during trading on Wednesday, hitting $18.18. 1,370,889 shares of the company's stock traded hands, compared to its average volume of 2,426,301. Envista has a 1 year low of $15.15 and a 1 year high of $25.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. The business has a 50-day simple moving average of $18.17 and a 200-day simple moving average of $18.15. The stock has a market capitalization of $3.12 billion, a P/E ratio of -25.36 and a beta of 1.32.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results 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 in the previous year, the company earned $0.43 EPS. Envista's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts forecast that Envista will post 0.69 EPS 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.