Enviri (NYSE:NVRI) Hits New 52-Week High – What’s Next?

Shares of Enviri Corporation (NYSE:NVRI) reached a new 52-week high on Tuesday . The company traded as high as $20.00 and last traded at $19.95, with a volume of 2567544 shares traded. The stock had previously closed at $19.60.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Lake Street Capital restated a “buy” rating and set a $25.00 price target on shares of Enviri in a research note on Wednesday, February 25th. BMO Capital Markets raised their price target on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.25.

Enviri Price Performance

The firm has a 50 day simple moving average of $19.21 and a 200-day simple moving average of $18.24. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66. The company has a market cap of $1.64 billion, a PE ratio of -9.55 and a beta of 1.59.

Enviri (NYSE:NVRI) last posted its earnings results on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The company had revenue of $549.80 million for the quarter, compared to analyst estimates of $465.37 million. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts predict that Enviri Corporation will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, January 1st will be paid a $15.00 dividend. The ex-dividend date is Monday, June 1st.

Institutional Investors Weigh In On Enviri

Several institutional investors have recently added to or reduced their stakes in NVRI. Baird Financial Group Inc. acquired a new stake in Enviri in the first quarter worth about $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enviri by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,127 shares of the company’s stock worth $313,000 after acquiring an additional 2,028 shares in the last quarter. Empowered Funds LLC boosted its holdings in Enviri by 3.1% in the first quarter. Empowered Funds LLC now owns 396,638 shares of the company’s stock worth $2,638,000 after acquiring an additional 11,762 shares in the last quarter. Jane Street Group LLC boosted its holdings in Enviri by 116.0% in the first quarter. Jane Street Group LLC now owns 207,329 shares of the company’s stock worth $1,379,000 after acquiring an additional 111,359 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after acquiring an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.