A share price of Envista Holdings Corp [NVST] is currently trading at $19.34, down -2.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The NVST shares have gain 2.65% over the last week, with a monthly amount glided 5.91%, and 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 August 08, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $16 from $23. Previously, Morgan Stanley downgraded its rating to Equal-Weight on April 26, 2024, and dropped its price target to $21. On February 26, 2024, Leerink Partners initiated with a Underperform rating and assigned a price target of $19 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $23 on February 09, 2024. William Blair downgraded its rating to a Mkt Perform. UBS started tracking with a Neutral rating for this stock on January 05, 2024, and assigned it a price target of $26. In a note dated December 11, 2023, Goldman downgraded an Sell rating on this stock but restated the target price of $22.
Envista Holdings Corp experienced fluctuations in its stock price throughout the past year between $15.15 and $27.86. Currently, Wall Street analysts expect the stock to reach $23.71 within the next 12 months. Envista Holdings Corp [NYSE: NVST] shares were valued at $19.34 at the most recent close of the market. An investor can expect a potential return of 22.6% based on the average NVST price forecast.
Analyzing the NVST fundamentals
Trailing Twelve Months sales for Envista Holdings Corp [NYSE:NVST] were 2.53B which represents -4.42% decline. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.52%, and Net Profit Margin reading is -0.52%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.34 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 19.05 points at the first support level, and at 18.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.67, and for the 2nd resistance point, it is at 19.99.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Envista Holdings Corp [NYSE:NVST] is 2.22. On the other hand, the Quick Ratio is 1.90, and the Cash Ratio is 1.26. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 1.12.
Transactions by insiders
Recent insider trading involved Keel Paul A, Chief Executive Officer, that happened on Aug 13 ’24 when 30000.0 shares were purchased. Chief Financial Officer, Hammes Eric D. completed a deal on Aug 12 ’24 to buy 24532.0 shares. Meanwhile, Former Officer Conley Eric bought 12798.0 shares on Aug 06 ’24.
