A View of Envista Holdings Corp (NVST) Stock’s Fundamentals and Valuations

Envista Holdings Corp [NVST] stock is trading at $20.37, up 0.54%. 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 gain 0.15% over the last week, with a monthly amount glided 9.16%, 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 October 31, 2024, when Leerink Partners upgraded its rating to a Market Perform and also boosted its price target to $23 from $16. Previously, Wells Fargo started tracking the stock with Equal Weight rating on October 08, 2024, and set its price target to $20. On August 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $16 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $21 on April 26, 2024. Leerink Partners initiated its recommendation with a Underperform and recommended $19 as its price target on February 26, 2024. Jefferies downgraded its rating to Hold for this stock on February 09, 2024, and downed its price target to $23. In a note dated February 08, 2024, William Blair downgraded an Mkt Perform rating on this stock.

Envista Holdings Corp [NVST] stock has fluctuated between $15.15 and $25.64 over the past year. Currently, Wall Street analysts expect the stock to reach $23.11 within the next 12 months. Envista Holdings Corp [NYSE: NVST] shares were valued at $20.37 at the most recent close of the market. An investor can expect a potential return of 13.45% based on the average NVST price forecast.

Analyzing the NVST fundamentals

Envista Holdings Corp [NYSE:NVST] reported sales of 2.50B for the trailing twelve months, which represents a drop of -4.80%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.53%, and Net Profit Margin reading is -0.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is -0.37 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.46.

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 20.07 points at the first support level, and at 19.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.54, and for the 2nd resistance point, it is at 20.71.

Ratios To Look Out For

For context, Envista Holdings Corp’s Current Ratio is 2.08. Further, the Quick Ratio stands at 1.77, while the Cash Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 1.14.

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.

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