In a report released yesterday, Jonathan Block from Stifel Nicolaus maintained a Buy rating on Envista Holdings (NVST – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $21.25.
Block covers the Healthcare sector, focusing on stocks such as Idexx Laboratories, Align Tech, and Henry Schein. According to TipRanks, Block has an average return of 8.4% and a 52.38% success rate on recommended stocks.
Currently, the analyst consensus on Envista Holdings is a Moderate Buy with an average price target of $27.50.
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Based on Envista Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $662.4 million and a net profit of $51.9 million. In comparison, last year the company earned a revenue of $645.8 million and had a net profit of $47.1 million
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Envista Holdings (NVST) Company Description:
Envista Holdings Corp. manufactures and markets dental products for diagnosing, treating and preventing dental conditions. The firm operates through the following segments; Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment develops, manufactures and markets dental implant systems, dental prosthetics and associated treatment software and technologies, as well as orthodontic bracket systems, aligners and lab products. The Equipment & Consumables segments 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. It offers dental consumables, equipment, and services to dental professionals. The company was founded on August 29, 2018 and is headquartered in Brea, CA.
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