Envista Holdings Corp [NYSE: NVST] gained 5.84% on the last trading session, reaching $18.67 price per share at the time.
If compared to the average trading volume of 2.86M shares, NVST reached a trading volume of 4072652 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Envista Holdings Corp [NVST]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NVST shares is $17.40 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 2.67. 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.
JP Morgan have made an estimate for Envista Holdings Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $33 to $21. The new note on the price target was released on April 26, 2024, representing the official price target for Envista Holdings Corp stock. Previously, the target price had yet another raise to $19, while Leerink Partners analysts kept a Underperform rating on NVST stock. On February 09, 2024, analysts decreased their price target for NVST shares from 30 to 23.
The Average True Range (ATR) for Envista Holdings Corp is set at 0.75, with the Price to Sales ratio for NVST stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 6.03. Price to Free Cash Flow for NVST in the course of the last twelve months was 11.21 with Quick ratio for the last quarter at 1.90.
Trading performance analysis for NVST stock
Envista Holdings Corp [NVST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.71. With this latest performance, NVST shares gained by 9.89% in over the last four-week period, additionally sinking by -14.16% over the last 6 months – not to mention a drop of -38.73% 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 59.82, with the RSI for the last a single of trading hit 62.93, and the three-weeks RSI is set at 57.69 for Envista Holdings Corp [NVST]. The present Moving Average for the last 50 days of trading for this stock 17.03, while it was recorded at 17.59 for the last single week of trading, and 20.14 for the last 200 days.
Envista Holdings Corp [NVST]: A deeper dive into fundamental analysis
Envista Holdings Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.22.
Envista Holdings Corp [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 Corp go to -9.20%.
An analysis of Institutional ownership at Envista Holdings Corp [NVST]
There are presently around $112.07%, or 112.95%% of NVST stock, in the hands of institutional investors. The top three institutional holders of NVST stocks are: BLACKROCK INC. with ownership of 19.46 million shares, which is approximately 11.3196%. VANGUARD GROUP INC, holding 17.28 million shares of the stock with an approximate value of $$287.33 million in NVST stocks shares; and VANGUARD GROUP INC, currently with $$231.97 million in NVST stock with ownership which is approximately 8.1145%.
