Fintel reports that on October 8, 2024, Wells Fargo initiated coverage of Envista Holdings (NYSE:NVST) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 1.53% Upside
As of September 25, 2024, the average one-year price target for Envista Holdings is $18.47/share. The forecasts range from a low of $13.13 to a high of $24.15. The average price target represents an increase of 1.53% from its latest reported closing price of $18.20 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Envista Holdings is 2,937MM, an increase of 15.92%. The projected annual non-GAAP EPS is 2.34.
What is the Fund Sentiment?
There are 692 funds or institutions reporting positions in Envista Holdings. This is an decrease of 44 owner(s) or 5.98% in the last quarter. Average portfolio weight of all funds dedicated to NVST is 0.17%, an increase of 20.41%. Total shares owned by institutions increased in the last three months by 3.09% to 243,999K shares. 
The put/call ratio of NVST is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
Harris Associates L P holds 10,778K shares representing 6.27% ownership of the company. In its prior filing, the firm reported owning 9,759K shares , representing an increase of 9.45%. The firm decreased its portfolio allocation in NVST by 12.13% over the last quarter.
Ariel Investments holds 9,871K shares representing 5.74% ownership of the company. In its prior filing, the firm reported owning 8,892K shares , representing an increase of 9.92%. The firm decreased its portfolio allocation in NVST by 59.75% over the last quarter.
EAASX - Eaton Vance Atlanta Capital SMID-Cap Fund holds 9,558K shares representing 5.56% ownership of the company. In its prior filing, the firm reported owning 9,679K shares , representing a decrease of 1.26%. The firm decreased its portfolio allocation in NVST by 22.28% over the last quarter.
Nuance Investments holds 7,038K shares representing 4.09% ownership of the company. In its prior filing, the firm reported owning 4,781K shares , representing an increase of 32.07%. The firm increased its portfolio allocation in NVST by 33.39% over the last quarter.
Gates Capital Management holds 6,865K shares representing 3.99% ownership of the company. In its prior filing, the firm reported owning 4,465K shares , representing an increase of 34.96%. The firm increased its portfolio allocation in NVST by 13.72% over the last quarter.
Envista Holdings Background Information
(This description is provided by the company.)
Envista is a global family of more than 30 trusted dental brands, united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Its comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers an estimated 90% of dentists' clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. Envista companies, including KaVo Kerr, Nobel Biocare, and Ormco, partner with dental professionals to help them deliver the best possible patient care. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry.
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