Jefferies Financial Group Increases Envista (NYSE:NVST) Price Target to $22.00

Envista (NYSE:NVST) had its price target lifted by investment analysts at Jefferies Financial Group from $20.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 2.61% from the stock’s previous close.

NVST has been the topic of several other research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research report on Thursday, October 31st. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and raised their price target for the company from $16.00 to $23.00 in a report on Thursday, October 31st. Wells Fargo & Company initiated coverage on shares of Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective for the company. Stifel Nicolaus raised their target price on Envista from $18.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Piper Sandler upped their price target on Envista from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.13.

Envista Stock Up 0.7 %

NYSE:NVST opened at $21.44 on Thursday. The business’s fifty day moving average price is $20.01 and its 200 day moving average price is $18.80. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -2.76, a PEG ratio of 1.88 and a beta of 1.33. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42. Envista has a 1-year low of $15.15 and a 1-year high of $24.79.

Envista (NYSE:NVST) last posted its quarterly earnings results 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 3.76%. The business had revenue of $601.00 million for the quarter, compared to the consensus estimate of $590.34 million. During the same period in the prior year, the business posted $0.43 earnings per share. Envista’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts forecast that Envista will post 0.72 earnings per share for the current fiscal year.

Institutional Trading of Envista

A number of hedge funds have recently modified their holdings of NVST. Ariel Investments LLC raised its stake in shares of Envista by 11.0% in the second quarter. Ariel Investments LLC now owns 9,871,152 shares of the company’s stock valued at $164,157,000 after purchasing an additional 978,952 shares in the last quarter. Nuance Investments LLC increased its holdings in Envista by 4.4% in the 3rd quarter. Nuance Investments LLC now owns 7,346,534 shares of the company’s stock valued at $145,168,000 after buying an additional 308,221 shares during the period. Clarkston Capital Partners LLC raised its stake in shares of Envista by 0.4% in the 3rd quarter. Clarkston Capital Partners LLC now owns 4,347,300 shares of the company’s stock valued at $85,903,000 after buying an additional 17,085 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Envista by 26.5% during the 3rd quarter. Franklin Resources Inc. now owns 3,971,662 shares of the company’s stock worth $78,480,000 after acquiring an additional 830,861 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Envista by 22.2% during the 3rd quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock worth $69,749,000 after acquiring an additional 642,401 shares during the period.

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.