Envista (NYSE:NVST) Upgraded to Hold at Leerink Partnrs

Leerink Partnrs upgraded shares of Envista (NYSE:NVST - Free Report) from a strong sell rating to a hold rating in a research note released on Thursday, Zacks.com reports. Leerink Partnrs also issued estimates for Envista's FY2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.32 EPS and FY2026 earnings at $1.28 EPS.

Other research analysts have also recently issued research reports about the stock. Bank of America cut their target price on shares of Envista from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Robert W. Baird boosted their price objective on shares of Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday. Evercore ISI increased their target price on shares of Envista from $18.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Leerink Partners upgraded Envista from an "underperform" rating to a "market perform" rating and boosted their price target for the company from $16.00 to $23.00 in a report on Thursday. Finally, Needham & Company LLC restated a "hold" rating on shares of Envista in a report on Thursday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Envista currently has a consensus rating of "Hold" and a consensus price target of $20.71.

Envista Price Performance

Shares of NVST stock traded down $0.03 during trading on Thursday, hitting $20.94. The company had a trading volume of 2,835,051 shares, compared to its average volume of 2,435,603. The stock's 50-day moving average is $18.60 and its two-hundred day moving average is $18.06. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -2.69 and a beta of 1.32. Envista has a 52 week low of $15.15 and a 52 week high of $25.64. 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 announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.12 earnings per share 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 3.59%. The firm had revenue of $601.00 million during the quarter, compared to analyst estimates of $590.34 million. During the same period in the previous year, the business posted $0.43 EPS. The business's quarterly revenue was down 4.8% on a year-over-year basis. As a group, analysts predict that Envista will post 0.69 EPS for the current fiscal year.

Insider Buying and Selling at Envista

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 shares were bought at an average price of $16.33 per share, with a total value of $400,607.56. Following the completion of the acquisition, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Envista

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in Envista by 138.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company's stock valued at $7,995,000 after purchasing an additional 234,941 shares in the last quarter. US Bancorp DE lifted its stake in shares of Envista by 150.6% during the 3rd quarter. US Bancorp DE now owns 4,971 shares of the company's stock worth $98,000 after purchasing an additional 2,987 shares during the last quarter. Hedges Asset Management LLC lifted its position in shares of Envista by 46.3% during the third quarter. Hedges Asset Management LLC now owns 46,800 shares of the company's stock valued at $925,000 after buying an additional 14,800 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Envista by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company's stock valued at $392,000 after buying an additional 1,355 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Envista by 11.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,314 shares of the company's stock worth $303,000 after buying an additional 1,538 shares during the last quarter.

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.