Enviri Corporation (NYSE:NVRI) Stock Has Average Price Target of $24.50

Shares of Enviri Corporation (NYSE:NVRI) have received an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.50.

Several equities analysts have issued reports on the company. Wall Street Zen lowered Enviri from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings raised Enviri from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. Finally, BMO Capital Markets boosted their target price on Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a report on Wednesday, August 12th.

Insider Buying and Selling

In other news, Director Carolann I. Haznedar acquired 4,875 shares of Enviri stock in a transaction on Monday, August 17th. The stock was bought at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the completion of the purchase, the director owned 42,955 shares in the company, valued at $878,859.30. This represents a 12.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter Minan acquired 2,946 shares of Enviri stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $20.27 per share, with a total value of $59,715.42. Following the purchase, the chief financial officer owned 97,505 shares of the company’s stock, valued at $1,976,426.35. The trade was a 3.12% increase in their position. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On Enviri

A number of hedge funds have recently modified their holdings of NVRI. Integrated Wealth Concepts LLC acquired a new position in shares of Enviri in the 2nd quarter valued at $25,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Enviri in the 2nd quarter valued at $491,000. Newtyn Management LLC purchased a new stake in Enviri in the 2nd quarter valued at $8,214,000. Ancora Advisors LLC acquired a new stake in Enviri during the 2nd quarter worth $875,000. Finally, Bluefin Capital Management LLC acquired a new stake in Enviri during the 2nd quarter worth $326,000. 93.43% of the stock is currently owned by hedge funds and other institutional investors.

Enviri Trading Up 0.2%

NYSE NVRI opened at $19.78 on Friday. The firm’s fifty day moving average price is $21.20 and its 200 day moving average price is $20.80. Enviri has a 12 month low of $11.15 and a 12 month high of $24.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 1.19. The company has a market capitalization of $557.71 million and a price-to-earnings ratio of -31.40.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32). The company had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $370.97 million. During the same period in the previous year, the business posted $0.22 earnings per share. Enviri’s revenue was down 66.7% compared to the same quarter last year. On average, sell-side analysts expect that Enviri will post -1.55 earnings per share for the current fiscal year.

Enviri Company Profile

Enviri Corporation, formerly known as Harsco Corporation, is an environmental services and industrial solutions company headquartered in Camp Hill, Pennsylvania. The company provides services that help industrial and commercial customers manage waste streams, recover valuable materials, and address environmental challenges.

Enviri’s Harsco Environmental business serves the steel and metals industries by processing and recycling industrial byproducts, including slag and other materials generated during metal production.