Enviri (NYSE:NVRI) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Enviri from “sell” to “hold. Analyst views overall average “hold,” with one Buy, three Hold, and one Sell rating; the consensus price target is $24.50.
• Enviri’s latest quarter beat estimates, reporting a loss of $0.16 per share versus expectations of a $0.54 loss, and revenue of $325.03 million versus $317.13 million expected. Revenue was down 43.5% year over year.
• The CFO and a director recently bought Enviri shares, adding to their personal holdings.

Enviri (NYSE:NVRI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on NVRI. BMO Capital Markets increased their target price 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. Weiss Ratings downgraded shares of Enviri from a "sell (d)" rating to a "sell (d-)" rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.50.

Enviri Trading Up 1.6%

NYSE:NVRI opened at $23.74 on Friday. The company's 50-day simple moving average is $20.49 and its 200 day simple moving average is $20.22. 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 one year low of $11.15 and a one year high of $24.39.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.54) by $0.38. The business had revenue of $325.03 million during the quarter, compared to analyst estimates of $317.13 million. The firm's revenue for the quarter was down 43.5% on a year-over-year basis. As a group, equities analysts anticipate that Enviri will post -1.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Enviri

In other news, CFO Peter Minan bought 2,946 shares of the stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the completion of the purchase, the chief financial officer directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carolann I. Haznedar purchased 4,875 shares of Enviri stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $20.46 per share, for a total transaction of $99,742.50. Following the transaction, the director directly owned 42,955 shares in the company, valued at $878,859.30. This represents a 12.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Enviri during the second quarter worth approximately $25,000. KBC Group NV purchased a new position in shares of Enviri in the first quarter worth about $31,000. Rockefeller Capital Management L.P. grew its stake in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company's stock worth $34,000 after acquiring an additional 1,264 shares during the last quarter. State of Wyoming bought a new position in shares of Enviri in the second quarter worth approximately $46,000. Finally, Global Retirement Partners LLC bought a new position in shares of Enviri during the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 93.43% of the company's stock.

Enviri Company Profile

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.

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