Needham & Company LLC Reiterates “Hold” Rating for Envista (NYSE:NVST)

Envista (NYSE:NVST)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.

NVST has been the subject of a number of other research reports. Jefferies Financial Group raised their price objective on shares of Envista from $20.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley increased their target price on shares of Envista from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Leerink Partners raised shares of Envista from an “underperform” rating to a “market perform” rating and increased their target price for the company from $16.00 to $23.00 in a research report on Thursday, October 31st. Mizuho assumed coverage on shares of Envista in a research report on Wednesday, December 4th. They set an “underperform” rating and a $20.00 target price for the company. Finally, Wells Fargo & Company increased their target price on shares of Envista from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.21.

Envista Stock Up 0.1 %

Shares of NYSE NVST opened at $20.69 on Tuesday. The company has a 50 day simple moving average of $20.23 and a 200 day simple moving average of $19.63. The firm has a market cap of $3.56 billion, a PE ratio of -3.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. Envista has a 1 year low of $15.15 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.04 and a quick ratio of 1.76.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Envista had a negative net margin of 44.56% and a positive return on equity of 3.86%. On average, research analysts forecast that Envista will post 1 EPS for the current year.

Institutional Trading of Envista

Several hedge funds have recently bought and sold shares of NVST. Franklin Resources Inc. grew its position in Envista by 72.6% in the 4th quarter. Franklin Resources Inc. now owns 6,854,506 shares of the company’s stock valued at $132,223,000 after purchasing an additional 2,882,844 shares during the period. Iron Triangle Partners LP acquired a new stake in Envista in the 3rd quarter valued at $43,262,000. Brickwood Asset Management LLP acquired a new stake in Envista in the 4th quarter valued at $40,037,000. Norges Bank acquired a new stake in Envista in the 4th quarter valued at $38,052,000. Finally, Point72 Asset Management L.P. acquired a new stake in Envista in the 3rd quarter valued at $37,559,000.

About Envista

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.