Enviri Corporation (NYSE:NVRI) Receives Consensus Rating of “Hold” from Analysts

by · The Cerbat Gem

Enviri Corporation (NYSE:NVRI – Get Free Report) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $24.50.

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

Read Our Latest Report on Enviri

Enviri Trading Up 0.5%

NVRI stock opened at $20.65 on Monday. Enviri has a 52 week low of $11.15 and a 52 week high of $24.20. The firm has a 50 day moving average of $21.98 and a 200 day moving average of $20.60.

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

Insider Buying and Selling at Enviri

In other Enviri news, Director Carolann Haznedar purchased 4,875 shares of the stock in a transaction on Monday, August 17th. The shares were bought at an average cost of $20.46 per share, with a total value of $99,742.50. Following the completion of the acquisition, the director owned 42,955 shares in the company, valued at $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Minan purchased 2,946 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the completion of the transaction, the chief financial officer directly owned 97,505 shares in the company, valued at $1,976,426.35. This trade represents a 3.12% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Enviri in the 2nd quarter worth about $45,735,000. Highbridge Capital Management LLC purchased a new stake in shares of Enviri in the fourth quarter valued at approximately $26,802,000. ExodusPoint Capital Management LP purchased a new stake in Enviri in the 4th quarter worth $15,491,000. Bank of America Corp DE raised its position in Enviri by 333.0% during the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock worth $17,894,000 after acquiring an additional 701,365 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in Enviri during the second quarter worth $13,320,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Company Profile

(Get Free Report)

Enviri Corporation, formerly known as Harsco Corporation, is an environmental solutions company that provides services for managing, processing and recycling industrial and regulated waste. The company serves customers in industries such as steelmaking, manufacturing, construction, energy and healthcare.

Enviri’s Harsco Environmental business supports steel producers with services that include the handling and processing of steel slag and other byproducts, metal recovery, material recycling and the production of processed aggregates and other products.

Recommended Stories