Are Analysts Expecting A Better 2020 For Envista Holdings Corp (NVST)?

Envista Holdings Corp (NVST) concluded trading on Thursday at a closing price of $21.79, with 6.85 million shares of worth about $149.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 38.26% during that period and on February 06, 2025 the price saw a gain of about 5.93%. Currently the company’s common shares owned by public are about 172.20M shares, out of which, 170.03M shares are available for trading.

Stock saw a price change of 1.77% in past 5 days and over the past one month there was a price change of 11.06%. Year-to-date (YTD), NVST shares are showing a performance of 12.96% which decreased to -8.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.15 but also hit the highest price of $24.79 during that period. The average intraday trading volume for Envista Holdings Corp shares is 1.99 million. The stock is currently trading 6.99% above its 20-day simple moving average (SMA20), while that difference is up 8.04% for SMA50 and it goes to 16.10% higher than SMA200.

Envista Holdings Corp (NYSE: NVST) currently have 172.20M outstanding shares and institutions hold larger chunk of about 112.24% of that.

The stock has a current market capitalization of $3.75B and its 3Y-monthly beta is at 1.33. It has posted earnings per share of -$6.50 in the same period. It has Quick Ratio of 1.76 while making debt-to-equity ratio of 0.53. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NVST, volatility over the week remained 5.05% while standing at 3.61% over the month.

Analysts are in expectations that Envista Holdings Corp (NVST) stock would likely to be making an EPS of 0.21 in the current quarter, while forecast for next quarter EPS is 0.23 and it is 1.21 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.19 which is 0.26 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 40.08% while it is estimated to increase by 19.37% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on December 04, 2024 offering an Underperform rating for the stock and assigned a target price of $20 to it. Coverage by Leerink Partners stated Envista Holdings Corp (NVST) stock as a Market perform in their note to investors on October 31, 2024, suggesting a price target of $23 for the stock. On October 08, 2024, Wells Fargo Initiated their recommendations, while on August 08, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $16. Stock get an Equal-weight rating from Morgan Stanley on April 26, 2024.

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