The stock of Envista Holdings Corp (NYSE:NVST) last traded at $20.24, down -0.44% from the previous session.
NVST stock price is now -8.95% away from the 50-day moving average and -24.18% away from the 200-day moving average. The market capitalization of the company currently stands at $3.47B.
With the price target of $19, Leerink Partners recently initiated with Underperform rating for Envista Holdings Corp (NYSE: NVST). On February 09, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $30 to quote $23, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Conley Eric, SVP, Orthodontics bought 2,185 shares of the company’s stock on Nov 16 ’23. The stock was bought for $50,015 at an average price of $22.89. Upon completion of the transaction, the SVP, Orthodontics now directly owns 47,376 shares in the company, valued at $0.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08 ’23, General Counsel Nance Mark E bought 5,000 shares of the business’s stock. A total of $108,750 was incurred on buying the stock at an average price of $21.75. This leaves the insider owning 39,042 shares of the company worth $0.79 million. A total of 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Envista Holdings Corp has had a low of $20.00 and a high of $40.85. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 2.23, and a quick ratio of 1.90. The fifty day moving average price for NVST is $22.15 and a two-hundred day moving average price translates $26.63 for the stock.
The latest earnings results from Envista Holdings Corp (NYSE: NVST) was released for Dec, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.34 by -0.05. This compares to $0.42 EPS in the same period last year. The net profit margin was -3.90% and return on equity was -2.39% for NVST. The company reported revenue of $645.6 million for the quarter, compared to $660.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.3 percent. For the current quarter, analysts expect NVST to generate $635.41M in revenue.
