Envista (NYSE:NVST) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Envista (NYSE:NVST) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Envista from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Mizuho set a $29.00 price objective on shares of Envista in a research report on Thursday, August 6th. UBS Group reduced their target price on shares of Envista from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft set a $32.00 target price on Envista in a report on Thursday, September 3rd. Finally, Barclays cut their price target on Envista from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, June 11th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.79.

Envista Trading Down 1.1%

NYSE:NVST opened at $23.02 on Monday. 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 business’s 50-day simple moving average is $26.14 and its 200-day simple moving average is $25.77. Envista has a fifty-two week low of $18.77 and a fifty-two week high of $30.42. The stock has a market capitalization of $3.70 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.89.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $730.50 million during the quarter, compared to analysts’ expectations of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.Envista’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Sell-side analysts expect that Envista will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Envista

In related news, SVP Mischa Reis sold 8,000 shares of the 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 completion of the transaction, the senior vice president owned 27,321 shares in the company, valued at approximately $751,327.50. This represents a 22.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Envista

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NVST. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Envista during the 2nd quarter worth about $25,000. Nykredit A S acquired a new stake in shares of Envista in the second quarter valued at about $52,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Envista in the second quarter valued at about $63,000. Elevation Wealth Partners LLC raised its holdings in Envista by 262.9% during the third quarter. Elevation Wealth Partners LLC now owns 2,406 shares of the company’s stock worth $56,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Envista by 246.2% during the second quarter. Parkside Financial Bank & Trust now owns 3,071 shares of the company’s stock worth $81,000 after acquiring an additional 2,184 shares in the last quarter.

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.