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

Envista (NYSE:NVST)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Leerink Partnrs raised shares of Envista from a “strong sell” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird upped their price objective on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on Envista from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Stifel Nicolaus upped their price target on Envista from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price target on Envista from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.21.

Envista Price Performance

Shares of NYSE:NVST opened at $21.27 on Thursday. The company has a market capitalization of $3.66 billion, a P/E ratio of -2.74, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. Envista has a fifty-two week low of $15.15 and a fifty-two week high of $23.06. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.77 and a current ratio of 2.08. The company’s 50-day moving average is $19.96 and its 200 day moving average is $19.12.

Envista (NYSE:NVST) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. On average, equities research analysts forecast that Envista will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of Envista by 22.2% in the third quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock worth $69,749,000 after purchasing an additional 642,401 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Envista by 8.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company’s stock valued at $26,394,000 after acquiring an additional 100,360 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Envista by 138.5% during the third quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock valued at $7,995,000 after acquiring an additional 234,941 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Envista during the fourth quarter valued at approximately $53,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in Envista during the third quarter valued at approximately $14,965,000.

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.