Enviri Corporation (NYSE:NVRI) Receives Consensus Recommendation of “Hold” from Brokerages

Enviri Corporation (NYSE:NVRIGet Free Report) has been given an average rating of “Hold” by the five brokerages that are currently covering the firm, 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 1 year target price among brokerages that have covered the stock in the last year is $22.25.

Several brokerages have recently commented on NVRI. BMO Capital Markets upped their price objective on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price objective on shares of Enviri in a research note on Wednesday, February 25th.

Check Out Our Latest Research Report on NVRI

Hedge Funds Weigh In On Enviri

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pertento Partners LLP bought a new position in shares of Enviri during the third quarter valued at about $43,542,000. Geode Capital Management LLC raised its stake in Enviri by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock worth $33,243,000 after buying an additional 7,203 shares in the last quarter. Newtyn Management LLC raised its stake in Enviri by 69.1% in the third quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after buying an additional 691,949 shares in the last quarter. Davidson Kempner Capital Management LP bought a new position in Enviri in the third quarter worth about $21,367,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Enviri by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock worth $27,516,000 after buying an additional 140,634 shares in the last quarter. 93.43% of the stock is owned by institutional investors.

Enviri Stock Performance

Shares of NYSE:NVRI opened at $19.31 on Tuesday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -9.28 and a beta of 1.59. The company has a 50-day moving average price of $19.05 and a 200-day moving average price of $17.98. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. Enviri has a 12 month low of $7.35 and a 12 month high of $19.99.

Enviri (NYSE:NVRIGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.36. The firm had revenue of $549.80 million during the quarter, compared to the consensus estimate of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.18) earnings per share. As a group, equities analysts anticipate that Enviri will post -0.45 EPS for the current year.

Enviri Company Profile

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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.

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Analyst Recommendations for Enviri (NYSE:NVRI)

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