William Blair analyst Brandon Vazquez has maintained their neutral stance on NVST stock, giving a Hold rating on July 29.
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Brandon Vazquez has given his Hold rating due to a combination of factors influencing Envista Holdings. The company demonstrated strong performance in the second quarter, surpassing expectations in both sales and earnings per share, which was attributed to enhanced execution and effective expectation management. This led to an upward revision in sales and profitability guidance, despite a somewhat restrained growth in the end markets.
However, Vazquez notes that while Envista’s management is successfully executing key initiatives such as improving margins and implant growth, the current stock valuation already reflects much of this progress. With shares trading at 16 times the projected 2026 earnings per share, he believes that the potential for further stock price appreciation may be limited, justifying the Hold rating.
Vazquez covers the Healthcare sector, focusing on stocks such as Neogen, Elanco Animal Health, and PROCEPT BioRobotics. According to TipRanks, Vazquez has an average return of -0.6% and a 33.33% success rate on recommended stocks.
In another report released on July 29, UBS also maintained a Hold rating on the stock with a $22.00 price target.