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

Shares of Enviri Corporation (NYSE:NVRI – Get Free Report) have earned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to 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.

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

Get Our Latest Report on NVRI

Enviri Stock Performance

NVRI stock opened at $20.44 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.43. Enviri has a 52-week low of $11.15 and a 52-week high of $24.20. The company’s 50 day simple moving average is $21.06 and its 200-day simple moving average is $20.82.

Enviri (NYSE:NVRI – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) EPS 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 last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was down 66.7% on a year-over-year basis. On average, equities research analysts anticipate that Enviri will post -1.55 EPS for the current fiscal year.

Insider Buying and Selling at Enviri

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

Hedge Funds Weigh In On Enviri

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Enviri during the second quarter worth approximately $45,735,000. OMERS ADMINISTRATION Corp increased its stake in Enviri by 183.8% in the 1st 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 period. Bank of America Corp DE increased its stake in Enviri by 333.0% in the 1st 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 period. ExodusPoint Capital Management LP acquired a new position in Enviri in the 4th quarter valued at approximately $15,491,000. Finally, Paradigm Capital Management Inc. NY purchased a new stake in Enviri in the 2nd quarter worth approximately $13,320,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

About Enviri

(Get Free Report)

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.

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Analyst Recommendations for Enviri (NYSE:NVRI)

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