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

Needham & Company LLC reissued their hold rating on shares of Envista (NYSE:NVST) in a research note issued to investors on Thursday, Benzinga reports.

A number of other equities analysts have also recently commented on the company. TheStreet cut Envista from a c rating to a d+ rating in a report on Wednesday, February 7th. Robert W. Baird reduced their price target on Envista from $22.00 to $19.00 and set a neutral rating for the company in a report on Thursday. SVB Leerink initiated coverage on Envista in a report on Monday, February 26th. They set an underperform rating and a $19.00 price objective for the company. UBS Group initiated coverage on Envista in a report on Friday, January 5th. They set a neutral rating and a $26.00 price objective for the company. Finally, Leerink Partnrs restated an underperform rating on shares of Envista in a report on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $25.86.

Envista Trading Down 4.1 %

NYSE:NVST opened at $19.00 on Thursday. Envista has a 52-week low of $18.09 and a 52-week high of $36.74. The company has a quick ratio of 1.93, a current ratio of 2.27 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $20.66 and its 200 day simple moving average is $22.50.

Envista (NYSE:NVST) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. The business had revenue of $623.60 million for the quarter, compared to the consensus estimate of $634.85 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts forecast that Envista will post 1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Envista

Institutional investors have recently made changes to their positions in the stock. Headinvest LLC acquired a new position in Envista during the third quarter valued at approximately $28,000. Fifth Third Bancorp raised its position in Envista by 98.1% during the fourth quarter. Fifth Third Bancorp now owns 1,254 shares of the company’s stock valued at $30,000 after purchasing an additional 621 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Envista during the third quarter valued at approximately $47,000. Signaturefd LLC raised its position in Envista by 1,297.9% during the fourth quarter. Signaturefd LLC now owns 2,614 shares of the company’s stock valued at $63,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Covestor Ltd raised its position in Envista by 33.9% during the third quarter. Covestor Ltd now owns 2,462 shares of the company’s stock valued at $69,000 after purchasing an additional 624 shares in the last quarter.

Envista Company Profile

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.