Enviri (NYSE:NVRI) Trading 9.7% Higher – Still a Buy?

Enviri Corporation (NYSE:NVRIGet Free Report) traded up 9.7% during trading on Thursday . The stock traded as high as $19.42 and last traded at $19.48. 553,684 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,591,410 shares. The stock had previously closed at $17.75.

Analyst Ratings Changes

A number of brokerages have issued reports on NVRI. Lake Street Capital reissued a “buy” rating and issued a $25.00 target price on shares of Enviri in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Finally, BMO Capital Markets raised their price target on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Enviri has a consensus rating of “Hold” and a consensus price target of $22.25.

Read Our Latest Stock Analysis on Enviri

Enviri Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The company’s 50-day moving average is $19.46 and its two-hundred day moving average is $18.60. The stock has a market capitalization of $1.63 billion, a P/E ratio of -9.47 and a beta of 1.59.

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

Enviri Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were given a $15.00 dividend. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Enviri by 121.9% during the third quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after purchasing an additional 89,227 shares during the period. SG Americas Securities LLC acquired a new stake in Enviri in the fourth quarter worth about $11,514,000. Pertento Partners LLP bought a new position in Enviri in the 3rd quarter valued at about $43,542,000. Credit Industriel ET Commercial bought a new position in Enviri in the 4th quarter valued at about $2,330,000. Finally, Clearline Capital LP acquired a new position in Enviri during the 3rd quarter valued at about $1,194,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

About Enviri

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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.

Further Reading

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