Envista Holdings Corporation (NVST): Here Are Some Research Recommendations

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MDVL Stock
MDVL Stock

Envista Holdings Corporation (NYSE:NVST) finished Thursday with a subtraction of -$0.07 to close at $33.70, a downside of -0.21 percent. An average of 1,469,984 shares of common stock have been traded in the last five days. There was a fall of -$0.55 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,765,811 shares traded, while the 50-day average volume stands at 1,688,578.

NVST stock has decreased by -8.08% in the last month. The company shares reached their 1-month lowest point of $32.86 on 09/22/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $32.86 and a high of $52.03 in 52 weeks. It has reached a new high 10 times so far this year and lost -25.06% or -$11.31 in price. In spite of this, the price is down -35.23% from the 52-week high.


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Insider Transactions

158 days have passed since Envista Holdings Corporation (NVST) last reported insider trading activity. Yu Howard H, who is Chief Financial Officer, most recently acquired $5,341 shares at $45.73 per share on Apr 18. In this transaction, the insider spent $244,244. Chief Executive Officer, Aghdaei Amir, disposed of 10,538 shares at a price of $51.66 on Mar 29. The insider now owns more than $544,391 worth of shares. Prior to that, Chief Executive Officer Aghdaei Amir went on to Sale 114,702 shares at $50.85 each on Mar 21. An amount of $5,832,596 was transacted.

Valuation Metrics

Envista Holdings Corporation (NVST) has a trailing price-to-earnings (P/E) ratio of 25.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.32, the price-to-book (PB) ratio at 1.37, and the price-to-cash flow ratio at 30.66.

Financial Health

The quick ratio of Envista Holdings Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.34 for the quarter ending June 29. Its gross profit as reported stood at $1.43 billion compared to revenue of $2.51 billion.

Earnings Surprise

For the three-month period that ended June 29, Envista Holdings Corporation had $864.1 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $47.1 million in the quarter, while revenues of $74.9 million were shrunk -91.3%. The analyst consensus anticipated Envista Holdings Corporation’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.48, a 4.30% surprise. For the quarter, EBITDA amounted to $106.1 million. Shareholders own equity worth $163.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Envista Holdings Corporation (NVST) price momentum. RSI 9-day as of the close on 22 September was 31.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.88%.

As of today, NVST’s price is $33.93 -1.60% or -$0.55 from its 5-day moving average. NVST is currently trading -11.76% lower than its 20-day SMA and -14.60% lower than its 100-day SMA. However, the stock’s current price level is -9.40% below the SMA50 and -18.62% below the SMA200.

The stochastic %K and %D were 12.12% and 11.47%, respectively, and the average true range (ATR) was 1.19. With the 14-day stochastic at 15.64% and the average true range at 1.19, the RSI (14) stands at 34.21%. The stock has reached -1.03 on the 9-day MACD Oscillator while the 14-day reading was at -1.86.

Analyst Ratings

Piper Sandler upgraded Envista Holdings Corporation (NYSE: NVST) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Envista Holdings Corporation (NVST) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NVST, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.

What is NVST’s price target for the next 12 months?

Analysts predict a range of price targets between $44.00 and $54.00, with a median target of $49.00. Taking a look at these predictions, the average price target given by analysts for Envista Holdings Corporation (NVST) stock is $48.22.

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