Envista (NYSE:NVST) Trading Down 4.5% – Here’s Why

Envista Holdings Corporation (NYSE:NVST)’s stock price traded down 4.5% during trading on Thursday . The stock traded as low as $24.26 and last traded at $23.8460. 249,600 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 2,880,584 shares. The stock had previously closed at $24.97.

Trending Headlines about Envista

Here are the key news stories impacting Envista this week:

• Positive Sentiment: Zacks characterized Envista as technically oversold after a 12% decline over four weeks, suggesting selling pressure may be exhausted. The firm also cited upward earnings-estimate revisions as a possible catalyst for a near-term rebound. Zacks article on buying the dip in Envista
• Positive Sentiment: Piper Sandler reaffirmed its neutral rating but set a $28 price target, implying meaningful upside from the recent trading level. Benzinga analyst rating report
• Positive Sentiment: Additional Zacks commentary highlighted Envista as a potential value stock, which may attract investors following the recent pullback. Zacks value-stock analysis

Wall Street Analyst Weigh In

NVST has been the subject of several research analyst reports. Zacks Research upgraded Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised shares of Envista from a “neutral” rating to an “overweight” rating and upped their price target for the company from $29.00 to $32.00 in a report on Thursday, September 3rd. Robert W. Baird set a $34.00 price objective on shares of Envista in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Envista in a report on Thursday, September 3rd. Finally, Barclays cut their target price on shares of Envista from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.86.

Envista Stock Performance

The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $26.96 and a 200 day simple moving average of $26.05. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 1.13 and a beta of 0.86.

Envista (NYSE:NVST) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $730.50 million for the quarter, compared to analysts’ expectations of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, analysts anticipate that Envista Holdings Corporation will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at Envista

In other news, SVP Mischa Reis sold 8,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total transaction of $220,000.00. Following the completion of the transaction, the senior vice president owned 27,321 shares of the company’s stock, valued at approximately $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Envista in the second quarter valued at approximately $25,000. Allworth Financial LP grew its holdings in Envista by 75.4% in the 4th quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock worth $39,000 after buying an additional 776 shares in the last quarter. IFP Advisors Inc grew its holdings in Envista by 102.9% in the 4th quarter. IFP Advisors Inc now owns 2,112 shares of the company’s stock worth $46,000 after buying an additional 1,071 shares in the last quarter. Nykredit A S acquired a new stake in Envista in the 2nd quarter valued at approximately $52,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Envista in the 2nd quarter valued at approximately $63,000.

About Envista

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.