Envista Holdings Corporation [NVST] is 14.37% higher this YTD. Is it still time to buy?

Envista Holdings Corporation [NYSE: NVST] loss -0.21% on the last trading session, reaching $38.51 price per share at the time. The company report on April 4, 2023 that Envista Schedules First Quarter 2023 Earnings Call.

Envista Holdings Corporation (NYSE: NVST) (“Envista”) will report financial results for its first quarter 2023 on Wednesday, May 3, 2023. Envista will discuss these results on a conference call on the same day beginning at 2:00 PM PT and lasting approximately one hour.

The call and the accompanying slide presentation will be webcast on the “Investors” section of Envista’s website, www.envistaco.com. A replay of the webcast will be available shortly after the conclusion of the presentation and will remain available for one year. You can access the conference call by dialing 800-245-3047 within the U.S. or +1 203-518-9765 outside the U.S. a few minutes before 2:00 PM PT and referencing conference ID #6523923.

Envista Holdings Corporation represents 163.50 million in outstanding shares, while the company has a total market value of $6.29 billion with the latest information. NVST stock price has been found in the range of $38.35 to $39.03.

If compared to the average trading volume of 1.90M shares, NVST reached a trading volume of 2348050 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $45.75 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 1.02, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 2.45. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 3.71. Price to Free Cash Flow for NVST in the course of the last twelve months was 58.82 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for NVST stock

Envista Holdings Corporation [NVST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.08. With this latest performance, NVST shares dropped by -0.41% in over the last four-week period, additionally plugging by 16.84% over the last 6 months – not to mention a drop of -16.68% 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 48.36, with the RSI for the last a single of trading hit 46.25, and the three-weeks RSI is set at 49.73 for Envista Holdings Corporation [NVST]. The present Moving Average for the last 50 days of trading for this stock 39.05, while it was recorded at 38.70 for the last single week of trading, and 36.82 for the last 200 days.

Envista Holdings Corporation [NVST]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Envista Holdings Corporation [NVST] shares currently have an operating margin of +14.45 and a Gross Margin at +57.93. Envista Holdings Corporation’s Net Margin is presently recorded at +9.26.

Return on Total Capital for NVST is now 6.60, given the latest momentum, and Return on Invested Capital for the company is 4.64. Return on Equity for this stock inclined to 5.76, with Return on Assets sitting at 3.58. When it comes to the capital structure of this company, Envista Holdings Corporation [NVST] has a Total Debt to Total Equity ratio set at 36.35. Additionally, NVST Total Debt to Total Capital is recorded at 26.66, with Total Debt to Total Assets ending up at 22.75. Long-Term Debt to Equity for the company is recorded at 23.58, with the Long-Term Debt to Total Capital now at 17.30.

Reflecting on the efficiency of the workforce at the company, Envista Holdings Corporation [NVST] managed to generate an average of $18,740 per employee. Receivables Turnover for the company is 7.08 with a Total Asset Turnover recorded at a value of 0.39.Envista Holdings Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Envista Holdings Corporation [NVST]: An earnings per share (EPS) analysis

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 10.50%.

An analysis of insider ownership at Envista Holdings Corporation [NVST]

There are presently around $7,483 million, in the hands of institutional investors. The top three institutional holders of NVST stocks are: BLACKROCK INC. with ownership of 18,558,830, which is approximately 4.207% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 15,996,062 shares of the stock with an approximate value of $617.29 million in NVST stocks shares; and MORGAN STANLEY, currently with $557.9 million in NVST stock with ownership of nearly 861.821% of the company’s market capitalization.

Positions in Envista Holdings Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 181 institutional holders increased their position in Envista Holdings Corporation [NYSE:NVST] by around 30,263,546 shares. Additionally, 139 investors decreased positions by around 18,677,123 shares, while 48 investors held positions by with 144,974,048 shares. The mentioned changes placed institutional holdings at 193,914,717 shares, according to the latest SEC report filing. NVST stock had 49 new institutional investments in for a total of 855,969 shares, while 38 institutional investors sold positions of 5,429,988 shares during the same period.