According to Bloomberg Ratings, the eight analysts currently keeping an eye on Envista Holdings Co.’s (NYSE: NVST) stock have collectively given the company an average rating of “Moderate Buy.” This rating was given to Envista Holdings Co. Only one of the analysts has recommended that shareholders maintain their current holdings in the company. In contrast, the other four have given it a buy rating. Most brokerages covering the stock in the previous year have set their price target for the stock at $46.17 for the next twelve months on average.
Recent reports on the stock that several research analysts have been following closely have been produced. William Blair reaffirmed its “outperform” rating on shares of Envista in a report that was made public on November 3 and was entitled “Envista Rating Reaffirmation.” Piper Sandler lowered their price target on Envista shares from $46.00 to $44.00 in a research note published on November 4. Throughout the process, they maintained the “overweight” rating for the stock. In a research note published on Thursday, October 13, Morgan Stanley assigned the stock the rating of “overweight” and lowered their target price for Envista shares, which had previously been set at $49.00, to $48.00.
On Thursday, the NYSE NVST opened for trading at $35.41 per share. The company’s share price has a price-to-earnings ratio of 24.76, a price-to-earnings-to-growth ratio of 1.70, and a beta value of 1.40. The market capitalization of the company is $5.77 billion. Envista has reached an all-time high of $52.03, while its all-time low has been recorded at $31.67 in the past 52 weeks. The moving average of the company’s stock price over the past 50 days is $34.54, and the moving average over the last 200 days is $35.89. Currently, the debt-to-equity ratio stands at 0.22, the quick ratio stands at 0.85, and the current ratio stands at 1.09.
The most recent quarterly earnings report for Envista was released on November 3, and it can be found under the ticker symbol NYSE: NVST on the New York Stock Exchange. The company reported earnings of $0.47 per share for the quarter, which were in line with the consensus projection of $0.47 per share for the period. The revenue the company brought in during the quarter was $631.10 million, which is lower than the $631.94 million that market analysts anticipated the company would bring in during that period. Envista successfully achieved a return on equity of 8.33% and a net margin of 9.98% in their business. According to the projections of equity research professionals, each share of Envista’s common stock will bring in a profit of $1.91 in 2018.
Recently, several hedge funds and institutional investors have either increased the amount of the stock they are holding or decreased the amount of the stock they have invested in. During the fourth quarter, Northwest Investment Counselors L.L.C. increased the percentage of the company’s stock that it owns by 4.4%. Northwest Investment Counselors L.L.C. now has a total of 33,202 shares of the company’s stock, which are worth a combined total of $1,118,000 after purchasing an additional 1,413 shares during the most recent quarter. During the last three months, Diversified Trust Company successfully increased its shareholding in Envista by 77.7%. Following the purchase of 58,086 additional shares during the most recent quarter, Diversified Trust Company now directly owns a total of 132,876 shares in the company. The current market value of these shares is $4,474,000. The acquisition of additional shares of Envista by Hunter Perkins Capital Management L.L.C. during the final three months of 2018 resulted in a total transaction value of approximately $2,431,000. The percentage of Envista shares that Wedge Capital Management L.L.P. NC held at the end of the year went up by 0.3%, even though the firm only made one additional purchase. As a result of the purchase of 589 additional shares during the most recent quarter, Wedge Capital Management L.L.P. NC now directly owns 179,692 shares of the company. Based on the current share price, this gives the company a market value of $6,050,000. And finally, during the final three months of 2018, Profit Investment Management L.L.C. increased the number of shares of Envista stock that it currently owns by 1.1%. Profit Investment Management L.L.C. now holds a total of 122,881 shares of the company’s stock, valued at $4,137,000, following the acquisition of an additional 1,351 shares during the most recent quarter.
Because it owns other businesses, Envista Holdings Corporation can manufacture, distribute, and sell dental products in various countries, including China, the United States of America, and other nations. The business is divided into two distinct divisions: equipment and consumables and specialty products and technologies. Each department focuses on a particular category of goods or production method. The Specialty Products & Technologies segment of the company provides oral surgeons, prosthodontists, and periodontists with dental implant systems, guided surgery systems, biomaterials, prefabricated and custom-built prosthetics, as well as brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products. These items can be purchased from retailers using Nobel Biocare, Alpha-Bio Tec, Implant Direct, Nobel Procera, etc.