Thursday, March 30, 2023
dental- News
  • Home
  • Dentistry
  • Endodontist
  • Implantology
  • Orthodontics
  • Periodontology
  • Predental
  • Prosthodontics
No Result
View All Result
  • Home
  • Dentistry
  • Endodontist
  • Implantology
  • Orthodontics
  • Periodontology
  • Predental
  • Prosthodontics
HealthNews
No Result
View All Result

Envista (NYSE:NVST) Stock Rating Lowered by Zacks Investment Research

Dental News by Dental News
October 6, 2021
in Prosthodontics
0
Analysts Expect Envista Holdings Co. (NYSE:NVST) Will Post Earnings of $0.44 Per Share
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


Envista logoEnvista (NYSE:NVST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Envista Holdings Corporation manufactures and sells dental products primarily in the United States and internationally. The company’s Specialty Products & Technologies segment provides dental implant systems, guided surgery systems, biomaterials, prefabricated and custom-built prosthetics and dental eye loupes to oral surgeons, prosthodontists and periodontists; Equipment & Consumables segment develops, manufactures and markets dental equipment and supplies used in dental offices, including digital imaging systems, software and other visualization/magnification systems; handpieces and associated consumables; treatment units and other dental practice equipment; endodontic systems and related consumables; restorative materials and instruments, rotary burs, impression materials, bonding agents and cements and infection prevention products. Envista Holdings Corporation is based in Brea, California. “

Separately, Piper Sandler upped their target price on shares of Envista from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.67.

Shares of NVST stock traded down $0.78 during trading hours on Wednesday, reaching $40.38. 35,450 shares of the company were exchanged, compared to its average volume of 1,847,424. Envista has a fifty-two week low of $24.29 and a fifty-two week high of $46.52. The stock’s fifty day moving average is $42.11 and its two-hundred day moving average is $42.63. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 0.80 and a beta of 1.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.12 and a quick ratio of 0.85.

Envista (NYSE:NVST) last posted its quarterly earnings results on Tuesday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. The business had revenue of $740.10 million during the quarter, compared to the consensus estimate of $705.75 million. Envista had a net margin of 10.84% and a return on equity of 9.72%. On average, research analysts anticipate that Envista will post 1.96 earnings per share for the current year.

In other Envista news, General Counsel Mark E. Nance sold 4,321 shares of the stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $44.01, for a total value of $190,167.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Kappler sold 1,717 shares of the stock in a transaction on Friday, July 16th. The shares were sold at an average price of $42.00, for a total transaction of $72,114.00. The disclosure for this sale can be found here. Insiders have sold 16,405 shares of company stock valued at $703,447 in the last three months. 0.82% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in NVST. Northwest Investment Counselors LLC increased its holdings in Envista by 1.2% in the 2nd quarter. Northwest Investment Counselors LLC now owns 31,662 shares of the company’s stock valued at $1,368,000 after buying an additional 375 shares during the period. Colony Group LLC increased its stake in shares of Envista by 1.5% in the 1st quarter. Colony Group LLC now owns 29,621 shares of the company’s stock valued at $1,209,000 after acquiring an additional 450 shares in the last quarter. GSA Capital Partners LLP increased its stake in Envista by 9.4% during the 2nd quarter. GSA Capital Partners LLP now owns 5,454 shares of the company’s stock valued at $236,000 after purchasing an additional 470 shares in the last quarter. Taylor Wealth Management Partners increased its stake in Envista by 0.6% during the 2nd quarter. Taylor Wealth Management Partners now owns 90,879 shares of the company’s stock valued at $3,927,000 after purchasing an additional 510 shares in the last quarter. Finally, Kore Private Wealth LLC grew its stake in shares of Envista by 8.8% in the 1st quarter. Kore Private Wealth LLC now owns 6,506 shares of the company’s stock worth $265,000 after acquiring an additional 524 shares in the last quarter.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, and markets dental products in the United States and internationally. The company operates in two segments, Specialty Products & Technologies and Equipment & Consumables. The company’s Specialty Products & Technologies segment provides dental implant systems, guided surgery systems, biomaterials, prefabricated and custom-built prosthetics, and dental eye loupes to oral surgeons, prosthodontists, and periodontists under the brands, including Nobel Biocare, Alpha Bio Tec, Implant Direct, Logon, Nobel Procera, and Orascoptic; and brackets and wires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products under the Damon, Ormco, Insignia, AOA, and Spark brands.

Featured Story: Technical Analysis of Stocks and What It Means

Get a free copy of the Zacks research report on Envista (NVST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Envista (NYSE:NVST)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Envista right now?

Before you consider Envista, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Envista wasn’t on the list.

While Envista currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 



Source link

Advertisement Banner
Previous Post

Preventive Dentistry Market Size Analysis, Industry Outlook, Regional Forecast 2021-2027| Healthline, Cigna, Delta Dental, Advantage Dental

Next Post

St. Joe’s students volunteer in Hispanic Health Promoter program

Dental News

Dental News

Next Post
St. Joe’s students volunteer in Hispanic Health Promoter program

St. Joe’s students volunteer in Hispanic Health Promoter program

Discussion about this post

Recommended

Heartland Dental on track to deliver accelerated growth in 2021 – Effingham Daily News

Heartland Family Dental Care to host Free Dentistry Day – Effingham Daily News

1 year ago
Maxillofacial Prosthodontists Restore Patient Confidence | Features | dcmilitary.com – Pentagram

Maxillofacial Prosthodontists Restore Patient Confidence | Features | dcmilitary.com – Pentagram

2 years ago

Dental World

Don't Miss

The “oral” history of COVID‐19: Primary infection, salivary transmission, and post‐acute implications – Marchesan – 2021 – Journal of Periodontology

The “oral” history of COVID‐19: Primary infection, salivary transmission, and post‐acute implications – Marchesan – 2021 – Journal of Periodontology

October 11, 2021
Nampa teacher to vie for Miss USA crown – Idaho Press-Tribune

Nampa teacher to vie for Miss USA crown – Idaho Press-Tribune

October 11, 2021
Bio-mechanism Inhibitory Prediction of β-Sitosterol

Perceptions of Dental Undergraduates Towards Online Education During C

October 11, 2021
Clearwater Periodontist says recent studies highlight the safety of dental offices during the COVID-19 pandemic | News

Smile Obsession Grows in Illinois with the Acquisition and Merger of Maplebrook Dental | News

October 11, 2021

Recent News

The “oral” history of COVID‐19: Primary infection, salivary transmission, and post‐acute implications – Marchesan – 2021 – Journal of Periodontology

The “oral” history of COVID‐19: Primary infection, salivary transmission, and post‐acute implications – Marchesan – 2021 – Journal of Periodontology

October 11, 2021
Nampa teacher to vie for Miss USA crown – Idaho Press-Tribune

Nampa teacher to vie for Miss USA crown – Idaho Press-Tribune

October 11, 2021

Categories

  • Dentistry
  • Endodontist
  • Europe
  • Implantology
  • Orthodontics
  • Periodontology
  • Predental
  • Prosthodontics

Follow us

  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright dental-news

No Result
View All Result
  • Home
  • Dentistry
  • Endodontist
  • Implantology
  • Orthodontics
  • Periodontology
  • Predental
  • Prosthodontics

© 2021 Copyright dental-news