Stocks of Envista Holdings Corp (NYSE:NVST) traded higher last session on Wall Street, up 1.88% to $17.31.
NVST stock price is now 2.89% away from the 50-day moving average and -16.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
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With the price target reduced from $23 to $16, JP Morgan Downgraded its rating from Overweight to Neutral for Envista Holdings Corp (NYSE: NVST). On April 26, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $33 to quote $21, while ‘Leerink Partners’ rates the stock as ‘Underperform’
In other news, Keel Paul A, Chief Executive Officer bought 30,000 shares of the company’s stock on Aug 13 ’24. The stock was bought for $506,100 at an average price of $16.87. Upon completion of the transaction, the Chief Executive Officer now directly owns 402,605 shares in the company, valued at $6.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Chief Financial Officer Hammes Eric D. bought 24,532 shares of the business’s stock. A total of $400,608 was incurred on buying the stock at an average price of $16.33. This leaves the insider owning 24,532 shares of the company worth $0.42 million. A total of 0.81% of the company’s stock is owned by insiders.
During the past 12 months, Envista Holdings Corp has had a low of $15.15 and a high of $33.57. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 2.22, and a quick ratio of 1.90. The fifty day moving average price for NVST is $16.7932 and a two-hundred day moving average price translates $20.60245 for the stock.
The latest earnings results from Envista Holdings Corp (NYSE: NVST) was released for 2024-06-28. The net profit margin was -52.25% and return on equity was -36.33% for NVST. The company reported revenue of $633.1 million for the quarter, compared to $662.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.42 percent.
