Envista (NYSE:NVST – Get Free Report) was downgraded by equities researchers at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, Zacks reports.
Several other equities analysts have also weighed in on NVST. Zacks Research lowered shares of Envista from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. BMO Capital Markets dropped their target price on shares of Envista from $29.00 to $26.00 and set a “market perform” rating on the stock in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft set a $32.00 target price on shares of Envista in a research note on Thursday, September 3rd. Needham & Company LLC reissued a “hold” rating on shares of Envista in a research note on Friday, September 18th. Finally, Leerink Partners reduced their target price on shares of Envista from $35.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.86.
Check Out Our Latest Stock Analysis on NVST
Envista Trading Up 2.9%
Shares of NVST stock opened at $23.49 on Thursday. The stock has a 50-day simple moving average of $25.56 and a 200 day simple moving average of $25.65. The stock has a market capitalization of $3.77 billion, a P/E ratio of 40.50, a P/E/G ratio of 1.16 and a beta of 0.89. Envista has a fifty-two week low of $18.77 and a fifty-two week high of $30.42. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47.
Envista (NYSE:NVST – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The firm had revenue of $730.50 million for the quarter, compared to analysts’ expectations of $716.11 million. During the same period in the previous year, the business earned $0.26 earnings per share. Envista’s revenue for the quarter was up 7.1% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. On average, sell-side analysts expect that Envista will post 1.53 earnings per share for the current fiscal year.
Insider Activity
In other news, SVP Mischa Reis sold 8,000 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total transaction of $220,000.00. Following the sale, the senior vice president directly owned 27,321 shares of the company’s stock, valued at $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by insiders.
Hedge Funds Weigh In On Envista
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ABLE Financial Group LLC boosted its holdings in shares of Envista by 8.1% in the third quarter. ABLE Financial Group LLC now owns 58,585 shares of the company’s stock worth $1,375,000 after buying an additional 4,366 shares during the period. Krilogy Financial LLC increased its position in shares of Envista by 52.0% in the third quarter. Krilogy Financial LLC now owns 16,446 shares of the company’s stock worth $374,000 after acquiring an additional 5,625 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Envista by 75.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 23,213 shares of the company’s stock worth $527,000 after acquiring an additional 9,978 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of Envista by 262.9% in the third quarter. Elevation Wealth Partners LLC now owns 2,406 shares of the company’s stock worth $56,000 after acquiring an additional 1,743 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Envista during the second quarter valued at approximately $216,000.
About Envista
Envista Holdings Corporation (NYSE: NVST) is a global dental-products and technologies company that develops, manufactures and markets equipment, consumables and digital solutions for dental professionals, laboratories and specialists. Its offerings support diagnosis, treatment planning, restorative dentistry, orthodontics, implant dentistry and related clinical procedures.
The company’s portfolio includes dental imaging systems and software, treatment units, handpieces, infection-control products, restorative materials, endodontic products, orthodontic brackets and aligners, dental implants, prosthetic components and laboratory solutions.
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