Currently, Envista Holdings Corp [NVST] is trading at $21.73, up 2.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NVST shares have gain 4.72% over the last week, with a monthly amount drifted -3.16%, and not seem to be holding up well over a long-time horizon.
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On 26, February 2024, Envista Holdings Announces Planned CEO Succession Process. In a post published today on Yahoo Finance, Envista Holdings Corporation (NYSE: NVST) announced today that the Board of Directors and CEO Amir Aghdaei are formally launching a process to determine a successor for CEO. The Board of Directors has formed a search committee and retained an executive search firm to find qualified external candidates to lead the next phase of Envista. This process is expected to be completed this year. Mr. Aghdaei will remain President and CEO until his successor is appointed.
From an analyst’s perspective:
Envista Holdings Corp [NYSE: NVST] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Underperform rating and assigned the stock a price target of $19. Previously, Jefferies downgraded its rating to Hold on February 09, 2024, and dropped its price target to $23. On February 08, 2024, downgrade downgraded it’s rating to Mkt Perform. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $26 on January 05, 2024. Goldman downgraded its rating to a Sell but $22 remained the price target by the analyst firm on December 11, 2023. In a note dated November 02, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $39 to $25.
This stock has fluctuated between a low of $20.00 and a high of $40.92 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $46.75 within the next 12 months. Envista Holdings Corp [NYSE: NVST] shares were valued at $21.73 at the most recent close of the market. An investor can expect a potential return of 115.14% based on the average NVST price forecast.
Analyzing the NVST fundamentals
Trailing Twelve Months sales for Envista Holdings Corp [NYSE:NVST] were 2.57B which represents -2.30% decline. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.34 points at the first support level, and at 20.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.95, and for the 2nd resistance point, it is at 22.17.
Envista Holdings Corp [NVST] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.34/share, meaning a difference of -$0.05 and a surprise factor of -14.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.43 per share as compared to estimates of $0.46 per share, a difference of -$0.03 representing a surprise of -6.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Envista Holdings Corp [NYSE:NVST] is 2.23. Also, the Quick Ratio is 1.90, while the Cash Ratio stands at 1.2. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 0.89.
Transactions by insiders
Recent insider trading involved Conley Eric, SVP, Orthodontics, that happened on Nov 16 ’23 when 2185.0 shares were purchased. General Counsel, Nance Mark E completed a deal on Nov 08 ’23 to buy 5000.0 shares. Meanwhile, Chief Executive Officer Aghdaei Amir bought 10000.0 shares on Nov 06 ’23.
