Envista Holdings Corporation [NYSE: NVST] stock went on a downward path that fall over -8.61% on Tuesday, amounting to a one-week price increase of more than 3.95%. The one-year Envista Holdings Corporation stock forecast points to a potential downside of -4.68. The average equity rating for NVST stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.41 billion, with 159.20 million shares outstanding and 30.97 million shares in the current float. Compared to the average trading volume of 3.15M shares, NVST stock reached a trading volume of 3144056 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Envista Holdings Corporation [NVST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVST shares is $21.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NVST stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Envista Holdings Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 17, 2019. The new note on the price target was released on October 14, 2019, representing the official price target for Envista Holdings Corporation stock. Previously, the target price had yet another raise to $34, while Stifel analysts kept a Buy rating on NVST stock.
The Average True Range (ATR) for Envista Holdings Corporation is set at 1.35, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 2.32.
NVST Stock Performance Analysis:
Envista Holdings Corporation [NVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.95. With this latest performance, NVST shares gained by 26.71% in over the last four-week period, additionally sinking by -19.14% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NVST stock in for the last two-week period is set at 62.59, with the RSI for the last a single of trading hit 61.51, and the three-weeks RSI is set at 60.44 for Envista Holdings Corporation [NVST]. The present Moving Average for the last 50 days of trading for this stock 18.09, while it was recorded at 22.89 for the last single week of trading.
Insight into Envista Holdings Corporation Fundamentals:
Envista Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.80.
NVST Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NVST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Envista Holdings Corporation go to 0.10%.
Envista Holdings Corporation [NVST] Insider Position Details
There are presently around $3,920 million, in the hands of institutional investors. The top three institutional holders of NVST stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 27,198,609, which is approximately 11.491% of the company’s market cap and around 0.60% of the total institutional ownership; ATLANTA CAPITAL MANAGEMENT CO L L C, holding 11,085,830 shares of the stock with an approximate value of $271.6 million in NVST stocks shares; and VANGUARD GROUP INC, currently with $253.16 million in NVST stock with ownership of nearly 5.964% of the company’s market capitalization.
131 institutional holders increased their position in Envista Holdings Corporation [NYSE:NVST] by around 68,216,654 shares. Additionally, 133 investors decreased positions by around 66,665,326 shares, while 7 investors held positions by with 25,124,478 shares. The mentioned changes placed institutional holdings at 160,006,458 shares, according to the latest SEC report filing. NVST stock had 71 new institutional investments in for a total of 45,075,530 shares, while 80 institutional investors sold positions of 32,513,503 shares during the same period.