Envista’s (NVST) Neutral Rating Reiterated at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Envista (NYSE:NVST) in a research note issued to investors on Friday,Benzinga reports. Piper Sandler currently has a $28.00 price target on the stock.

A number of other analysts also recently weighed in on 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. Barclays lowered their price target on shares of Envista from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Envista in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised shares of Envista from a “neutral” rating to an “overweight” rating and raised their target price for the company from $29.00 to $32.00 in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded shares of Envista from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.86.

Envista Trading Up 0.1%

NYSE NVST opened at $23.38 on Friday. The firm has a market capitalization of $3.76 billion, a PE ratio of 40.31, a P/E/G ratio of 1.11 and a beta of 0.86. The stock’s 50 day moving average is $26.96 and its 200 day moving average is $26.02. Envista has a twelve month low of $18.77 and a twelve month high of $30.42. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47.

Envista (NYSE:NVST) last posted its quarterly earnings data 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 the consensus estimate of $716.11 million. Envista had a return on equity of 7.88% and a net margin of 3.33%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. Research analysts forecast that Envista will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Envista news, SVP Mischa Reis sold 8,000 shares of Envista stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 27,321 shares of the company’s stock, valued at approximately $751,327.50. The trade was a 22.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Envista

A number of institutional investors have recently made changes to their positions in NVST. Dimensional Fund Advisors LP increased its position in shares of Envista by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock valued at $248,130,000 after acquiring an additional 152,488 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Envista by 341.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,858,293 shares of the company’s stock valued at $72,515,000 after acquiring an additional 2,210,847 shares in the last quarter. Quantinno Capital Management LP lifted its position in Envista by 38.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,694,970 shares of the company’s stock valued at $68,371,000 after acquiring an additional 753,474 shares in the last quarter. Norges Bank purchased a new stake in Envista during the 4th quarter valued at $45,113,000. Finally, Wellington Management Group LLP boosted its stake in Envista by 2,662.1% during the 2nd quarter. Wellington Management Group LLP now owns 1,686,415 shares of the company’s stock valued at $44,437,000 after purchasing an additional 1,625,360 shares during the last quarter.

Key Stories Impacting Envista

Here are the key news stories impacting Envista this week:

• Positive Sentiment: Zacks characterized Envista as technically oversold after a 12% decline over four weeks, suggesting selling pressure may be exhausted. The firm also cited upward earnings-estimate revisions as a possible catalyst for a near-term rebound. Zacks article on buying the dip in Envista
• Positive Sentiment: Piper Sandler reaffirmed its neutral rating but set a $28 price target, implying meaningful upside from the recent trading level. Benzinga analyst rating report
• Positive Sentiment: Additional Zacks commentary highlighted Envista as a potential value stock, which may attract investors following the recent pullback. Zacks value-stock analysis

About Envista

Envista Holdings Corporation is a global dental products and technologies company headquartered in Brea, California. The company develops, manufactures and markets products used by dentists, dental specialists, dental laboratories and other oral-care professionals.

Envista’s portfolio includes dental imaging and diagnostic systems, digital dentistry and CAD/CAM solutions, dental implants, orthodontic brackets and wires, clear aligner products, endodontic instruments, restorative materials, infection-prevention products and other dental consumables.