Piper Sandler Issues Pessimistic Forecast for Envista (NYSE:NVST) Stock Price

Envista (NYSE:NVST) had its price target reduced by equities researchers at Piper Sandler from $28.00 to $26.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 14.30% from the stock’s previous close.

Several other research firms have also recently weighed in on NVST. Robert W. Baird set a $34.00 price target on shares of Envista in a report on Thursday, August 6th. Needham & Company LLC restated a “hold” rating on shares of Envista in a research note on Friday, September 18th. BMO Capital Markets reduced their price objective on Envista from $29.00 to $26.00 and set a “market perform” rating for the company in a research note on Monday, September 28th. JPMorgan Chase & Co. raised shares of Envista from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $29.00 to $32.00 in a research report on Thursday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $32.00 target price on shares of Envista in a research report on Thursday, September 3rd. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Envista currently has an average rating of “Hold” and a consensus target price of $29.64.

Envista Stock Up 0.1%

Shares of Envista stock traded up $0.03 on Friday, hitting $22.75. The company had a trading volume of 774,484 shares, compared to its average volume of 2,889,458. Envista has a 1 year low of $18.77 and a 1 year high of $30.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.07 and a current ratio of 2.43. The stock has a 50 day moving average of $26.04 and a 200-day moving average of $25.75. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 39.30, a P/E/G ratio of 1.12 and a beta of 0.89.

Envista (NYSE:NVST) last announced 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. Envista had a return on equity of 7.88% and a net margin of 3.33%.The business had revenue of $730.50 million during the quarter, compared to the consensus estimate of $716.11 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Envista’s revenue was up 7.1% compared to the same quarter last year. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, sell-side analysts forecast that Envista will post 1.53 earnings per share for the current year.

Insider Buying and Selling

In other Envista news, SVP Mischa Reis sold 8,000 shares of the company’s stock in a transaction dated 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 directly 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. 0.99% of the stock is currently owned by company insiders.

Institutional Trading of Envista

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its stake in Envista by 341.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock worth $72,515,000 after purchasing an additional 2,210,847 shares during the period. Wellington Management Group LLP increased its position in shares of Envista by 2,662.1% during the second quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock valued at $44,437,000 after buying an additional 1,625,360 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Envista in the second quarter worth about $37,316,000. Pzena Investment Management LLC purchased a new stake in shares of Envista in the second quarter worth about $30,494,000. Finally, Renaissance Technologies LLC boosted its position in shares of Envista by 195.9% in the first quarter. Renaissance Technologies LLC now owns 1,208,165 shares of the company’s stock valued at $30,651,000 after acquiring an additional 799,900 shares during the period.

Envista Company Profile

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.