Envista Holdings Corporation [NYSE: NVST] closed the trading session at $43.47 on 04/07/21. The day’s price range saw the stock hit a low of $42.81, while the highest price level was $45.00. The company report on April 7, 2021 that Envista Holdings Set to Join S&P MidCap 400; InterDigital to Join S&P SmallCap 600.
Envista Holdings Corp. (NYSE: NVST) will replace InterDigital Inc. (NASD: IDCC) in the S&P MidCap 400, and InterDigital will replace SEACOR Holdings Inc. (NYSE: CKH) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 12. American Industrial Partners is acquiring SEACOR Holdings in a deal expected to be completed soon pending final closing conditions. InterDigital is more representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:.
The stocks have a year to date performance of 28.88 percent and weekly performance of 6.39 percent. The stock has been moved at 72.16 percent over the last six months. The stock has performed 13.00 percent around the most recent 30 days and changed 28.57 percent over the most recent 3-months.
If compared to the average trading volume of 1.51M shares, NVST reached to a volume of 13573793 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $45.20 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.
Credit Suisse have made an estimate for Envista Holdings Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 08, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on June 16, 2020, representing the official price target for Envista Holdings Corporation stock. Previously, the target price had yet another raise to $35, while Evercore ISI analysts kept a Outperform rating on NVST stock.
The Average True Range (ATR) for Envista Holdings Corporation is set at 1.51, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 3.05. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 5.56. Price to Free Cash Flow for NVST in the course of the last twelve months was 29.44 with Quick ratio for the last quarter at 0.80.
NVST stock trade performance evaluation
Envista Holdings Corporation [NVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.39. With this latest performance, NVST shares gained by 13.00% in over the last four-week period, additionally plugging by 72.16% over the last 6 months – not to mention a rise of 203.56% in the past year of trading.
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 66.66, with the RSI for the last a single of trading hit 70.68, and the three-weeks RSI is set at 64.56 for Envista Holdings Corporation [NVST]. The present Moving Average for the last 50 days of trading for this stock 39.20, while it was recorded at 41.55 for the last single week of trading, and 29.82 for the last 200 days.
Envista Holdings Corporation [NVST]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Envista Holdings Corporation [NVST] shares currently have an operating margin of +9.41 and a Gross Margin at +53.11. Envista Holdings Corporation’s Net Margin is presently recorded at +1.46.
Return on Total Capital for NVST is now 3.98, given the latest momentum, and Return on Invested Capital for the company is 0.68. Return on Equity for this stock inclined to 0.92, with Return on Assets sitting at 0.51. When it comes to the capital structure of this company, Envista Holdings Corporation [NVST] has a Total Debt to Total Equity ratio set at 53.24. Additionally, NVST Total Debt to Total Capital is recorded at 34.74, with Total Debt to Total Assets ending up at 28.81. Long-Term Debt to Equity for the company is recorded at 28.53, with the Long-Term Debt to Total Capital now at 18.62.
Reflecting on the efficiency of the workforce at the company, Envista Holdings Corporation [NVST] managed to generate an average of $2,685 per employee. Receivables Turnover for the company is 5.67 with a Total Asset Turnover recorded at a value of 0.35.Envista Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Envista Holdings Corporation [NVST] stock
With the latest financial reports released by the company, Envista Holdings Corporation posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -70.00%. 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 -3.36%.
Envista Holdings Corporation [NVST]: Insider Ownership positions
There are presently around $7,739 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 24,877,283, which is approximately 0.159% of the company’s market cap and around 0.60% of the total institutional ownership; ATLANTA CAPITAL MANAGEMENT CO L L C, holding 14,241,146 shares of the stock with an approximate value of $619.06 million in NVST stocks shares; and VANGUARD GROUP INC, currently with $606.11 million in NVST stock with ownership of nearly 2.07% of the company’s market capitalization.
Positions in Envista Holdings Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 151 institutional holders increased their position in Envista Holdings Corporation [NYSE:NVST] by around 18,682,689 shares. Additionally, 100 investors decreased positions by around 15,664,683 shares, while 33 investors held positions by with 143,684,349 shares. The mentioned changes placed institutional holdings at 178,031,721 shares, according to the latest SEC report filing. NVST stock had 84 new institutional investments in for a total of 7,483,606 shares, while 19 institutional investors sold positions of 1,893,368 shares during the same period.