UBS Group Issues Pessimistic Forecast for Envista (NYSE:NVST) Stock Price

Envista (NYSE:NVST) had its target price dropped by equities researchers at UBS Group from $30.00 to $27.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 16.61% from the company’s previous close.

NVST has been the topic of several other reports. Wall Street Zen lowered Envista from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Mizuho set a $29.00 price target on shares of Envista in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Envista from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. BMO Capital Markets restated a “market perform” rating on shares of Envista in a research note on Thursday, September 10th. Finally, JPMorgan Chase & Co. upgraded Envista from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $29.00 to $32.00 in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.86.

Envista Stock Down 2.3%

NVST stock opened at $23.15 on Friday. Envista has a fifty-two week low of $18.77 and a fifty-two week high of $30.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.43 and a quick ratio of 2.07. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 1.19 and a beta of 0.86. The business’s fifty day moving average price is $27.01 and its two-hundred day moving average price is $26.06.

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

Insider Activity

In other news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the sale, the senior vice president directly owned 27,321 shares in the company, valued at $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 152,488 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Envista by 341.5% in the 1st 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 during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Envista by 38.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock worth $68,371,000 after purchasing an additional 753,474 shares during the period. Norges Bank purchased a new position in shares of Envista in the 4th quarter worth approximately $45,113,000. Finally, Jupiter Asset Management Ltd. increased its position in shares of Envista by 48.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,999,048 shares of the company’s stock valued at $43,399,000 after purchasing an additional 650,006 shares during the last quarter.

Envista Company Profile

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.