In the latest trading session,, 0.43 million Envista Holdings Corp (NYSE:NVST) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $16.09 changing hands around $0.15 or 0.94% at last look, the market valuation stands at $2.77B. NVST’s current price is a discount, trading about -42.95% off its 52-week high of $23.00. The share price had its 52-week low at $14.22, which suggests the last value was 11.62% up since then. When we look at Envista Holdings Corp’s average trading volume, we note the 10-day average is 2.18 million shares, with the 3-month average coming to 2.98 million.
Analysts gave the Envista Holdings Corp (NVST) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.71. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NVST as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Envista Holdings Corp’s EPS for the current quarter is expected to be 0.21.
Envista Holdings Corp (NYSE:NVST) trade information
Instantly NVST is in green as seen in intraday trades today. With action 8.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -16.59%, with the 5-day performance at 8.20% in the green. However, in the 30-day time frame, Envista Holdings Corp (NYSE:NVST) is -10.76% down. Looking at the short shares, we see there were 11.32 million shares sold at short interest cover period of 2.97 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 15.32% from its recent market value. According to analyst projections, NVST’s forecast low is 16 with 23 as the target high. To hit the forecast high, the stock’s price needs a -42.95% plunge from its current level, while the stock would need to tank 0.56% for it to hit the projected low.
Envista Holdings Corp (NVST) estimates and forecasts
Year-over-year growth is forecast to reach 0.31% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 607.24M. 13 analysts are of the opinion that Envista Holdings Corp’s revenue for the current quarter will be 631.46M. The company’s revenue for the corresponding quarters a year ago was 623.6M and 633.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.62%. The estimates for the next quarter sales put growth at -0.26%.
The 2025 estimates are for Envista Holdings Corp earnings to increase by 34.91%, but the outlook for the next 5-year period is at 21.40% per year.
NVST Dividends
Envista Holdings Corp is expected to release its next quarterly earnings report on 2025-Feb-04.
Envista Holdings Corp (NYSE:NVST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.88% of Envista Holdings Corp shares while 117.42% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 118.46%. There are 117.42% institutions holding the Envista Holdings Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 11.3064% of the shares, roughly 19.46 million NVST shares worth $323.59 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.0394% or 17.28 million shares worth $287.33 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund and iShares Trust-iShares Core S&P Mid-Cap ETF . With 9.4 shares estimated at $151.36 million under it, the former controlled 5.55% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 3.31% of the shares, roughly 5.62 shares worth around $90.39 million.
