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On Wednesday, Mizuho (NYSE:MFG) Securities adjusted its stance on Envista Holdings Corp . (NYSE:NVST) by reducing the price target to $18 from the previous $20 while keeping an Underperform rating on the company’s shares. According to InvestingPro data, the stock currently trades at $18.24, with analysts’ targets ranging from $18 to $26, suggesting mixed views on the company’s prospects.
Mizuho’s analyst pointed out that Envista’s Capital Markets Day yielded a set of results with both positive and negative implications. The company outlined ’medium-term’ guidance metrics, projecting EBITDA growth of 4-7% and EPS growth of 7-10% over the next 3-5 years. These projections fall short of the consensus forecasts for 2026 and 2027, which anticipate EBITDA and EPS growth of 10-11% and 13-20%, respectively. Additionally, the projected EBITDA margins are expected to improve only to about 15-16%, compared to roughly 20% in 2022. Current EBITDA stands at $279.5 million, with the company maintaining a moderate debt level and a healthy current ratio of 2.04.
The analyst believes these figures played a significant role in the decline of Envista’s stock on Wednesday, noting a 2% drop compared to the S&P 500’s 1% gain. Despite this, management underscored their commitment to regaining investor trust by setting achievable guidance targets with a high degree of confidence.
In light of the Capital Markets Day revelations, Mizuho anticipates that Wall Street’s revenue, EBITDA, and EPS estimates for Envista for the years 2026 and 2027 will be revised downwards. The firm has decided to maintain its own EPS projections below the Street’s expectations, with $1.10 for 2026 and $1.25 for 2027, compared to the consensus of $1.20 and $1.36, respectively. This conservative outlook has informed Mizuho’s decision to lower the price target for Envista Holdings Corp. stock.
In other recent news, Envista Holdings Corp. reported fourth-quarter financial results that exceeded consensus revenue and earnings expectations. Despite this strong performance, the company’s guidance for 2025 fell short of analyst predictions, leading Needham to maintain a Hold rating on the stock. Meanwhile, Envista announced a $250 million stock buyback program, set to run through December 31, 2026, as part of its broader financial strategy to enhance shareholder value. Piper Sandler raised Envista’s stock price target to $18, reflecting cautious optimism about the company’s turnaround efforts, while maintaining a Neutral rating. JPMorgan also adjusted its price target for Envista to $19, keeping a Neutral rating, following the company’s presentation of medium-term targets during an Analyst Day event. These targets include core growth of 2-4% and adjusted EPS growth of 7-10%. Envista’s upcoming Capital Markets Day is anticipated to provide further insights into its strategic plans, with analysts like those from Needham noting potential risks and uncertainties in market recovery. The company’s financial strategies, including its stock repurchase plan and growth initiatives, continue to draw attention from investors and analysts alike.
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