Envista Holdings Co. (NYSE:NVST) Given Consensus Recommendation of “Hold” by Brokerages

Envista Holdings Co. (NYSE:NVST) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.21.

Several equities analysts recently issued reports on NVST shares. Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of Envista from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Mizuho started coverage on shares of Envista in a report on Wednesday, December 4th. They set an “underperform” rating and a $20.00 price objective on the stock. Needham & Company LLC restated a “hold” rating on shares of Envista in a research report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their target price on Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd.

Institutional Trading of Envista

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in Envista by 72.6% in the fourth quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company’s stock valued at $132,223,000 after purchasing an additional 2,882,844 shares in the last quarter. Iron Triangle Partners LP acquired a new position in shares of Envista during the third quarter worth $43,262,000. Norges Bank bought a new position in shares of Envista during the fourth quarter worth about $38,052,000. Point72 Asset Management L.P. acquired a new position in shares of Envista in the 3rd quarter worth approximately $37,559,000. Finally, Polar Asset Management Partners Inc. grew its holdings in Envista by 375.6% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,497,250 shares of the company’s stock worth $29,586,000 after acquiring an additional 1,182,450 shares during the period.

Envista Price Performance

NYSE NVST opened at $21.59 on Tuesday. Envista has a 1 year low of $15.15 and a 1 year high of $23.06. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.71 billion, a PE ratio of -3.33, a PEG ratio of 2.06 and a beta of 1.34. The stock’s 50-day moving average price is $19.99 and its two-hundred day moving average price is $19.39.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, February 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Envista had a positive return on equity of 3.86% and a negative net margin of 44.56%. On average, analysts predict that Envista will post 1.06 EPS for the current year.

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.