Envista Holdings Corporation [NYSE: NVST] plunged by -$0.42 during the normal trading session on Wednesday and reaching a high of $34.49 during the day while it closed the day at $33.78. The company report on September 7, 2022 that BrightInsight Adds Medical Device and Biopharmaceutical Experts, Tamara Elias, M.D., and Scott Huennekens to Advisory Council.
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Envista Holdings Corporation stock has also gained 0.81% of its value over the past 7 days. However, NVST stock has declined by -13.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -31.20% and lost -25.03% year-on date.
The market cap for NVST stock reached $5.50 billion, with 167.26 million shares outstanding and 163.04 million shares in the current float. Compared to the average trading volume of 1.76M shares, NVST reached a trading volume of 4199916 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 $48.22 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 1.70. 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.
Piper Sandler have made an estimate for Envista Holdings Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on August 29, 2022. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $54 to $46. The new note on the price target was released on June 14, 2022, representing the official price target for Envista Holdings Corporation stock. Previously, the target price had yet another raise to $48, while Morgan Stanley analysts kept a Overweight rating on NVST stock. On October 26, 2021, analysts decreased their price target for NVST shares from 49 to 48.
The Average True Range (ATR) for Envista Holdings Corporation is set at 1.21, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 2.17. The Price to Book ratio for the last quarter was 1.37, with the Price to Cash per share for the same quarter was set at 3.21. Price to Free Cash Flow for NVST in the course of the last twelve months was 28.68 with Quick ratio for the last quarter at 0.90.
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 0.81. With this latest performance, NVST shares dropped by -9.19% in over the last four-week period, additionally sinking by -31.20% over the last 6 months – not to mention a drop of -21.44% 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 36.97, with the RSI for the last a single of trading hit 35.86, and the three-weeks RSI is set at 38.38 for Envista Holdings Corporation [NVST]. The present Moving Average for the last 50 days of trading for this stock 37.92, while it was recorded at 34.10 for the last single week of trading, and 42.14 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 +15.93 and a Gross Margin at +58.72. Envista Holdings Corporation’s Net Margin is presently recorded at +10.50.
Return on Equity for this stock inclined to 6.78, with Return on Assets sitting at 3.92.
Envista Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Envista Holdings Corporation [NVST] stock
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 41.43%.
Envista Holdings Corporation [NVST]: Insider Ownership positions
There are presently around $6,251 million, in the hands of institutional investors. The top three institutional holders of NVST stocks are: BLACKROCK INC. with ownership of 18,071,794, which is approximately 1.566% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 16,290,996 shares of the stock with an approximate value of $550.31 million in NVST stocks shares; and VANGUARD GROUP INC, currently with $521.29 million in NVST stock with ownership of nearly 2.19% of the company’s market capitalization.
Positions in Envista Holdings Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 177 institutional holders increased their position in Envista Holdings Corporation [NYSE:NVST] by around 21,535,093 shares. Additionally, 167 investors decreased positions by around 17,929,291 shares, while 52 investors held positions by with 145,575,655 shares. The mentioned changes placed institutional holdings at 185,040,039 shares, according to the latest SEC report filing. NVST stock had 46 new institutional investments in for a total of 1,702,672 shares, while 54 institutional investors sold positions of 3,678,035 shares during the same period.