Envista Holdings Co. (NYSE:NVST) Receives Average Rating of “Hold” from Analysts

Envista Holdings Co. (NYSE:NVST) has earned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.18.

NVST has been the topic of several research analyst reports. Jefferies Financial Group raised their target price on shares of Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company set a $19.00 price objective on shares of Envista in a research note on Saturday, March 8th. JPMorgan Chase & Co. cut their target price on Envista from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research report on Thursday, March 6th. Finally, New Street Research set a $19.00 price objective on Envista in a report on Thursday, March 6th.

Institutional Trading of Envista

A number of hedge funds have recently made changes to their positions in NVST. Venturi Wealth Management LLC boosted its stake in shares of Envista by 528.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,948 shares of the company’s stock valued at $38,000 after purchasing an additional 1,638 shares during the period. GAMMA Investing LLC lifted its holdings in Envista by 30.5% in the 4th quarter. GAMMA Investing LLC now owns 2,304 shares of the company’s stock worth $44,000 after buying an additional 538 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Envista in the 4th quarter valued at about $53,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Envista during the fourth quarter valued at about $86,000. Finally, KBC Group NV increased its position in shares of Envista by 63.9% during the fourth quarter. KBC Group NV now owns 7,903 shares of the company’s stock worth $152,000 after acquiring an additional 3,082 shares during the last quarter.

Envista Trading Down 3.7 %

Shares of Envista stock opened at $14.73 on Wednesday. The firm has a market cap of $2.54 billion, a PE ratio of -2.27, a P/E/G ratio of 1.27 and a beta of 1.12. The company has a quick ratio of 1.76, a current ratio of 2.04 and a debt-to-equity ratio of 0.44. Envista has a fifty-two week low of $14.47 and a fifty-two week high of $23.00. The business’s fifty day moving average is $18.78 and its two-hundred day moving average is $19.44.

Envista (NYSE:NVST) last released its earnings results on Wednesday, February 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. Analysts anticipate that Envista will post 1 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.