Envista Holdings Corporation (NYSE:NVST) Stock Has Average Target Price of $29.64 According to Brokerages

Shares of Envista Holdings Corporation (NYSE:NVST) have been given an average recommendation of “Hold” by the seventeen analysts that are covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.86.

NVST has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Zacks Research downgraded shares of Envista from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Needham & Company LLC reissued a “hold” rating on shares of Envista in a report on Friday, September 18th. BMO Capital Markets cut their target price on Envista from $29.00 to $26.00 and set a “market perform” rating on the stock in a research report on Monday, September 28th. Finally, Leerink Partners cut their target price on Envista from $35.00 to $32.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Envista Stock Up 2.9%

Shares of Envista stock opened at $23.49 on Friday. 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 company has a market cap of $3.77 billion, a P/E ratio of 40.50, a PEG ratio of 1.16 and a beta of 0.89. The firm’s 50 day moving average price is $25.56 and its 200-day moving average price is $25.65. Envista has a 52-week low of $18.77 and a 52-week high of $30.42.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, August 5th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Envista had a net margin of 3.33% and a return on equity of 7.88%. The company had revenue of $730.50 million during the quarter, compared to analysts’ expectations of $716.11 million. During the same quarter in the prior year, the company posted $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 predict that Envista will post 1.53 EPS for the current fiscal year.

Insider Activity at Envista

In related news, SVP Mischa Reis sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $27.50, for a total value of $220,000.00. Following the sale, the senior vice president owned 27,321 shares in the company, valued at $751,327.50. This represents a 22.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On Envista

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Envista by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after buying an additional 152,488 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Envista by 341.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after purchasing an additional 2,210,847 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Envista by 38.8% during the first quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock valued at $68,371,000 after purchasing an additional 753,474 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Envista by 2,662.1% during the second quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock valued at $44,437,000 after purchasing an additional 1,625,360 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Envista in the second quarter valued at about $37,316,000.

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.