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

Enviri Corporation (NYSE:NVRI) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $24.50.

NVRI has been the topic of several research analyst reports. Weiss Ratings cut shares of Enviri from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Wall Street Zen lowered Enviri from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Finally, BMO Capital Markets increased their target price on Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th.

Enviri Trading Down 2.4%

NYSE NVRI opened at $17.97 on Tuesday. 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 $506.69 million and a price-to-earnings ratio of -28.53. The company’s fifty day moving average price is $20.53 and its two-hundred day moving average price is $20.15.

Enviri (NYSE:NVRI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The business had revenue of $324.00 million for the quarter, compared to the consensus estimate of $370.97 million. Enviri’s quarterly revenue was down 66.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. As a group, research analysts predict that Enviri will post -1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Enviri news, Director Carolann I. Haznedar bought 4,875 shares of the business’s stock in a transaction on Monday, August 17th. The shares were purchased at an average price of $20.46 per share, with a total value of $99,742.50. Following the completion of the acquisition, the director directly owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. The trade was a 12.80% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Minan bought 2,946 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, with a total value of $59,715.42. Following the completion of the acquisition, the chief financial officer directly owned 97,505 shares of the company’s stock, valued at approximately $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. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVRI. BlackRock Inc. bought a new position in Enviri during the 2nd quarter worth $45,735,000. Bank of America Corp DE lifted its stake in Enviri by 333.0% in the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock valued at $17,894,000 after buying an additional 701,365 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Enviri in the second quarter valued at $13,320,000. OMERS ADMINISTRATION Corp lifted its stake in Enviri by 183.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock valued at $18,081,000 after buying an additional 596,861 shares during the last quarter. Finally, Newtyn Management LLC acquired a new position in shares of Enviri during the second quarter valued at $8,214,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Company Profile

Enviri Corporation (NYSE: NVRI) is an environmental solutions company that provides services and products designed to help industrial, commercial and government customers manage waste, recover materials and improve resource efficiency. The company serves customers in multiple regions, with operations spanning North America, Europe and other international markets.

Enviri’s Harsco Environmental business provides environmental services to the global steel industry. Its activities include the processing and beneficial reuse of steel slag and other byproducts, metal recovery, slag handling, site services and the production of mineral-based products used in areas such as construction and infrastructure.

Through its Clean Earth business, Enviri manages hazardous and non-hazardous waste streams for industrial, healthcare, pharmaceutical, retail and government customers.