Envista (NYSE:NVST) Hits New 1-Year Low at $16.74

Envista Holdings Co. (NYSE:NVST) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $16.74 and last traded at $16.98, with a volume of 181543 shares traded. The stock had previously closed at $17.00.

Analyst Ratings Changes

Several research analysts have commented on NVST shares. Robert W. Baird cut their price target on Envista from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. SVB Leerink started coverage on Envista in a research report on Monday, February 26th. They set an “underperform” rating and a $19.00 price target on the stock. Morgan Stanley lowered Envista from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $33.00 to $21.00 in a research report on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research report on Monday, June 3rd. Finally, Leerink Partnrs reaffirmed an “underperform” rating on shares of Envista in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.86.

Envista Trading Up 1.2 %

The stock has a fifty day moving average of $18.80 and a two-hundred day moving average of $21.33. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.34.

Envista (NYSE:NVST) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. The business had revenue of $623.60 million for the quarter, compared to analyst estimates of $634.85 million. During the same period in the prior year, the company earned $0.38 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts predict that Envista Holdings Co. will post 1.23 EPS for the current fiscal year.

Institutional Trading of Envista

Institutional investors have recently bought and sold shares of the company. Headinvest LLC purchased a new stake in Envista during the third quarter worth $28,000. Fifth Third Bancorp boosted its position in Envista by 98.1% during the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company’s stock worth $30,000 after purchasing an additional 621 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Envista during the third quarter worth $47,000. Covestor Ltd boosted its position in Envista by 33.9% during the third quarter. Covestor Ltd now owns 2,462 shares of the company’s stock worth $69,000 after purchasing an additional 624 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Envista by 1,297.9% in the fourth quarter. Signaturefd LLC now owns 2,614 shares of the company’s stock valued at $63,000 after acquiring an additional 2,427 shares in the last quarter.

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.