Wells Fargo & Company Issues Positive Forecast for Envista (NYSE:NVST) Stock Price

Envista (NYSE:NVST) had its target price boosted by Wells Fargo & Company from $20.00 to $21.00 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other research analysts have also recently issued research reports about the company. Robert W. Baird raised their price target on Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Leerink Partnrs upgraded Envista from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st. Mizuho began coverage on Envista in a research note on Wednesday, December 4th. They set an “underperform” rating and a $20.00 price objective on the stock. Leerink Partners raised Envista from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Finally, Stifel Nicolaus increased their price objective on Envista from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Two equities 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.21.

Envista Trading Up 5.8 %

NYSE:NVST opened at $21.76 on Thursday. Envista has a 1 year low of $15.15 and a 1 year high of $24.79. The stock has a fifty day moving average price of $19.97 and a two-hundred day moving average price of $19.10. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42.

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

Institutional Trading of Envista

A number of hedge funds have recently added to or reduced their stakes in NVST. Iron Triangle Partners LP acquired a new stake in Envista in the 3rd quarter worth about $43,262,000. Point72 Asset Management L.P. purchased a new position in shares of Envista in the 3rd quarter worth about $37,559,000. Polar Asset Management Partners Inc. raised its holdings in shares of Envista by 375.6% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,497,250 shares of the company’s stock worth $29,586,000 after purchasing an additional 1,182,450 shares during the period. Franklin Resources Inc. raised its holdings in shares of Envista by 26.5% in the 3rd quarter. Franklin Resources Inc. now owns 3,971,662 shares of the company’s stock worth $78,480,000 after purchasing an additional 830,861 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Envista in the 3rd quarter worth about $14,965,000.

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.