Evercore ISI Boosts Envista (NYSE:NVST) Price Target to $23.00

Envista (NYSE:NVST) had its target price raised by research analysts at Evercore ISI from $18.00 to $23.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective points to a potential upside of 22.08% from the stock’s previous close.

A number of other equities research analysts have also commented on the company. Piper Sandler reduced their price target on Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a report on Thursday, August 8th. Bank of America decreased their target price on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus dropped their price target on shares of Envista from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Robert W. Baird decreased their price objective on shares of Envista from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.59.

Envista Stock Down 1.2 %

Shares of NYSE NVST opened at $18.84 on Monday. The company has a 50 day simple moving average of $17.49 and a 200 day simple moving average of $18.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. Envista has a 1 year low of $15.15 and a 1 year high of $28.67. The firm has a market cap of $3.24 billion, a PE ratio of -26.24 and a beta of 1.31.

Envista (NYSE:NVST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $646.88 million. During the same period in the previous year, the business posted $0.43 EPS. Envista’s revenue was down 4.4% on a year-over-year basis. On average, research analysts forecast that Envista will post 0.69 EPS for the current year.

Insider Transactions at Envista

In other news, CFO Eric D. Hammes bought 24,532 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $16.33 per share, with a total value of $400,607.56. Following the transaction, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at approximately $400,607.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of Envista

Several hedge funds have recently bought and sold shares of NVST. Vanguard Group Inc. lifted its stake in shares of Envista by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock valued at $413,056,000 after buying an additional 944,596 shares in the last quarter. Ariel Investments LLC lifted its position in Envista by 11.0% in the 2nd quarter. Ariel Investments LLC now owns 9,871,152 shares of the company’s stock valued at $164,157,000 after acquiring an additional 978,952 shares in the last quarter. Nuance Investments LLC boosted its stake in Envista by 47.2% during the 2nd quarter. Nuance Investments LLC now owns 7,038,313 shares of the company’s stock valued at $117,048,000 after purchasing an additional 2,256,993 shares during the last quarter. American Century Companies Inc. increased its holdings in Envista by 15.4% during the 2nd quarter. American Century Companies Inc. now owns 6,726,651 shares of the company’s stock worth $111,864,000 after purchasing an additional 897,141 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Envista in the second quarter worth approximately $69,534,000.

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.