Reassessing The Changing Outlook For Envista Holdings Corp (NVST)

Currently, there are 171.50M common shares owned by the public and among those 170.60M shares have been available to trade.

The company’s stock has a 5-day price change of -3.01% and -15.50% over the past three months. NVST shares are trading -15.50% year to date (YTD), with the 12-month market performance down to -49.00% lower. It has a 12-month low price of $20.00 and touched a high of $40.85 over the same period. NVST has an average intraday trading volume of 2.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.46%, -8.82%, and -24.00% respectively.

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Institutional ownership of Envista Holdings Corp (NYSE: NVST) shares accounts for 106.12% of the company’s 171.50M shares outstanding.

It has a market capitalization of $3.49B and a beta (3y monthly) value of 1.35. The earnings-per-share (ttm) stands at -$0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.67% over the week and 2.49% over the month.

Analysts forecast that Envista Holdings Corp (NVST) will achieve an EPS of $0.32 for the current quarter, $0.36 for the next quarter and $1.61 for 2025. The lowest estimate earnings-per-share for the quarter is $0.26 while analysts give the company a high EPS estimate of $0.35. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.37%, and 13.78% over the next financial year.

Looking at the support for the NVST, a number of firms have released research notes about the stock. Leerink Partners stated their Underperform rating for the stock in a research note on February 26, 2024, with the firm’s price target at $19. Jefferies coverage for the Envista Holdings Corp (NVST) stock in a research note released on February 09, 2024 offered a Hold rating with a price target of $23. William Blair was of a view on February 08, 2024 that the stock is Mkt Perform, while UBS gave the stock Neutral rating on January 05, 2024, issuing a price target of $26. Goldman on their part issued Sell rating on December 11, 2023.

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