Analysts Set Envista Holdings Co. (NYSE:NVST) Target Price at $20.21

Envista Holdings Co. (NYSE:NVST) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $20.21.

A number of equities analysts have issued reports on NVST shares. Wells Fargo & Company upped their target price on Envista from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Robert W. Baird raised their target price on Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Envista in a report on Thursday, February 6th. Jefferies Financial Group lifted their target price on shares of Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 31st.

Envista Stock Performance

NYSE NVST opened at $21.39 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.76 and a current ratio of 2.04. The firm has a 50-day moving average of $20.08 and a 200-day moving average of $19.46. Envista has a 52-week low of $15.15 and a 52-week high of $23.06. The stock has a market cap of $3.68 billion, a PE ratio of -3.30, a P/E/G ratio of 1.31 and a beta of 1.34.

Envista (NYSE:NVST) last posted its quarterly 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, sell-side analysts anticipate that Envista will post 1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NVST. Pacer Advisors Inc. grew its position in Envista by 22.2% in the third quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock worth $69,749,000 after acquiring an additional 642,401 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Envista by 8.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company’s stock worth $26,394,000 after buying an additional 100,360 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Envista by 138.5% in the third quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock worth $7,995,000 after buying an additional 234,941 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Envista during the fourth quarter valued at approximately $53,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Envista during the fourth quarter worth approximately $281,000.

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.