Enviri Corporation (NYSE:NVRI) Receives Average Recommendation of “Hold” from Analysts

Enviri Corporation (NYSE:NVRI) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. One 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 target price among brokers that have issued a report on the stock in the last year is $25.00.

Several research analysts have recently commented on NVRI shares. BMO Capital Markets reissued a “market perform” rating on shares of Enviri in a report on Tuesday. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Enviri in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st.

Institutional Investors Weigh In On Enviri

A number of hedge funds have recently made changes to their positions in the business. KBC Group NV bought a new stake in Enviri in the first quarter worth $31,000. Bleakley Financial Group LLC grew its stake in shares of Enviri by 3.4% during the first quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock valued at $321,000 after buying an additional 531 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Enviri by 2.0% in the first quarter. Principal Financial Group Inc. now owns 391,828 shares of the company’s stock worth $7,688,000 after buying an additional 7,631 shares during the period. Fifth Third Bancorp lifted its stake in shares of Enviri by 4,622.5% in the 1st quarter. Fifth Third Bancorp now owns 19,079 shares of the company’s stock valued at $374,000 after acquiring an additional 18,675 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Enviri in the 1st quarter valued at about $3,417,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Price Performance

Shares of NVRI stock traded up $0.24 on Tuesday, reaching $19.12. The company’s stock had a trading volume of 94,871 shares, compared to its average volume of 1,254,039. The company has a market capitalization of $1.58 billion, a P/E ratio of -9.02 and a beta of 1.59. Enviri has a 12-month low of $7.35 and a 12-month high of $19.99. The stock’s 50 day simple moving average is $18.92 and its 200-day simple moving average is $17.76. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 5.18.

Enviri (NYSE:NVRI) 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 return on equity of 13.47% and a negative net margin of 7.62%.The business had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that Enviri will post -0.45 earnings per share for the current fiscal year.

Enviri Company Profile

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.