Piper Sandler Raises Envista (NYSE:NVST) Price Target to $18.00

Envista (NYSE:NVSTFree Report) had its price target upped by Piper Sandler from $17.00 to $18.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently weighed in on NVST. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research note on Thursday, October 31st. Leerink Partners upgraded shares of Envista from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $16.00 to $23.00 in a report on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Envista from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Stifel Nicolaus boosted their price objective on shares of Envista from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company began coverage on shares of Envista in a research note on Tuesday, October 8th. They set an “equal weight” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.21.

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Envista Trading Down 2.3 %

NYSE:NVST opened at $20.04 on Monday. Envista has a 52 week low of $15.15 and a 52 week high of $24.79. The company has a quick ratio of 1.77, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average price is $20.08 and its 200-day moving average price is $19.04. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of -2.58, a PEG ratio of 1.82 and a beta of 1.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in Envista by 22.2% during the third quarter. Pacer Advisors Inc. now owns 3,529,827 shares of the company’s stock worth $69,749,000 after purchasing an additional 642,401 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Envista by 8.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company’s stock worth $26,394,000 after purchasing an additional 100,360 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Envista by 138.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock worth $7,995,000 after acquiring an additional 234,941 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Envista during the 4th quarter worth about $53,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Envista in the third quarter valued at approximately $14,965,000.

Envista Company Profile

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Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.

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