Enviri Corporation (NYSE:NVRI) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Enviri Corporation (NYSE:NVRI) have received an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. One research 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.50.

NVRI has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Enviri from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 14th. BMO Capital Markets lifted their price objective 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. Finally, Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday.

Insider Activity

In other Enviri news, Director Carolann Haznedar acquired 4,875 shares of Enviri stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $20.46 per share, with a total value of $99,742.50. Following the purchase, the director owned 42,955 shares in the company, valued at approximately $878,859.30. The trade was a 12.80% 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, CFO Peter Minan acquired 2,946 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were acquired at an average price of $20.27 per share, with a total value of $59,715.42. Following the completion of the transaction, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NVRI. BlackRock Inc. bought a new stake in shares of Enviri in the 2nd quarter worth approximately $45,735,000. OMERS ADMINISTRATION Corp lifted its holdings in shares of Enviri by 183.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock valued at $18,081,000 after acquiring an additional 596,861 shares during the period. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 701,365 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Enviri in the 2nd quarter valued at $13,320,000. Finally, Newtyn Management LLC acquired a new stake in shares of Enviri in the 2nd quarter valued at $8,214,000. Institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NYSE NVRI opened at $23.74 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.43 and a quick ratio of 1.19. Enviri has a 1-year low of $11.15 and a 1-year high of $24.39. The firm has a market capitalization of $669.34 million and a P/E ratio of -37.69. The business’s 50-day simple moving average is $20.49 and its 200-day simple moving average is $20.22.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.38. The business had revenue of $325.03 million for the quarter, compared to analyst estimates of $317.13 million. The firm’s revenue for the quarter was down 43.5% compared to the same quarter last year. Equities analysts predict that Enviri will post -1.55 EPS for the current year.

About Enviri

Enviri Corporation (NYSE: NVRI) is an environmental solutions company that provides services and products designed to help industrial, commercial and government customers manage waste, recover materials and improve resource efficiency. The company serves customers in multiple regions, with operations spanning North America, Europe and other international markets.

Enviri’s Harsco Environmental business provides environmental services to the global steel industry. Its activities include the processing and beneficial reuse of steel slag and other byproducts, metal recovery, slag handling, site services and the production of mineral-based products used in areas such as construction and infrastructure.

Through its Clean Earth business, Enviri manages hazardous and non-hazardous waste streams for industrial, healthcare, pharmaceutical, retail and government customers.