Envista Holdings Corp [NVST] stock is trading at $19.59, down -0.96%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NVST shares have lost -2.59% over the last week, with a monthly amount drifted -8.59%, and not seem to be holding up well over a long-time horizon.
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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.
Envista Holdings Corp [NVST] stock has fluctuated between $18.95 and $39.28 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Envista Holdings Corp [NYSE: NVST] shares were valued at $19.59 at the most recent close of the market. An investor can expect a potential return of 109.29% based on the average NVST price forecast.
Analyzing the NVST fundamentals
Envista Holdings Corp [NYSE:NVST] reported sales of 2.57B for the trailing twelve months, which represents a drop of -2.30%. 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 19.39 points at the first support level, and at 19.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.89, and for the 2nd resistance point, it is at 20.19.
Ratios To Look Out For
For context, Envista Holdings Corp’s Current Ratio is 2.23. Further, the Quick Ratio stands at 1.90, while the Cash Ratio is 1.2. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 0.80.
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.
