Envista Holdings Corporation (NYSE:NVST) Stock Has Consensus Price Target of $29.64

Envista Holdings Corporation (NYSE:NVST) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.64.

Several equities analysts have weighed in on the company. Zacks Research cut Envista from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a report on Friday, September 18th. BMO Capital Markets decreased their price objective on Envista from $29.00 to $26.00 and set a “market perform” rating on the stock in a report on Monday, September 28th. Piper Sandler lowered their target price on Envista from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. Finally, Weiss Ratings upgraded Envista from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th.

Insiders Place Their Bets

In related news, SVP Mischa Reis sold 8,000 shares of the company’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 sale, the senior vice president owned 27,321 shares of the company’s stock, valued at $751,327.50. This represents a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.99% of the company’s stock.

Hedge Funds Weigh In On Envista

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in shares of Envista by 16.9% during the first quarter. Parallel Advisors LLC now owns 3,710 shares of the company’s stock worth $94,000 after purchasing an additional 535 shares during the last quarter. Tidal Investments LLC increased its stake in Envista by 2.4% in the second quarter. Tidal Investments LLC now owns 23,555 shares of the company’s stock valued at $621,000 after purchasing an additional 547 shares during the last quarter. State of Michigan Retirement System increased its stake in Envista by 1.5% in the first quarter. State of Michigan Retirement System now owns 39,463 shares of the company’s stock valued at $1,001,000 after purchasing an additional 600 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Envista in the second quarter valued at $25,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Envista by 1.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 51,873 shares of the company’s stock worth $1,367,000 after buying an additional 941 shares during the period.

Envista Stock Performance

Shares of NVST opened at $22.66 on Friday. The business has a 50-day simple moving average of $25.75 and a two-hundred day simple moving average of $25.68. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 1.16 and a beta of 0.89. Envista has a 52 week low of $18.77 and a 52 week high of $30.42. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47.

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

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.