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

Key Points

• Enviri has a consensus “Hold” rating from five analysts, with one sell, three hold, and one buy recommendation. The average 12-month price target is $24.50 versus the stock’s reported $19.81 opening price.
• The company reported a weak quarter, posting an adjusted loss of $0.63 per share versus expectations of a $0.31 loss, while revenue fell 66.7% year over year to $324 million, below the $370.97 million forecast.
• Insiders recently bought shares, including purchases by a director and the CFO, while institutional investors own 93.43% of the stock. Analysts expect Enviri to report a full-year loss of approximately $1.55 per share.

Enviri Corporation (NYSE:NVRI - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities 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 1-year price objective among brokers that have covered the stock in the last year is $24.50.

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

Enviri Stock Up 0.8%

NVRI stock opened at $19.81 on Friday. Enviri has a twelve month low of $11.15 and a twelve month high of $24.20. The company has a market cap of $558.50 million and a PE ratio of -31.45. The business's 50-day simple moving average is $21.25 and its 200 day simple moving average is $20.79. The company has a quick ratio of 1.19, a current ratio of 1.43 and a debt-to-equity ratio of 0.56.

Enviri (NYSE:NVRI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The company had revenue of $324.00 million during the quarter, compared to analysts' expectations of $370.97 million. During the same quarter last year, the company earned $0.22 EPS. The firm's revenue for the quarter was down 66.7% on a year-over-year basis. On average, research analysts anticipate that Enviri will post -1.55 earnings per share for the current year.

Insider Transactions at Enviri

In related news, Director Carolann I. Haznedar bought 4,875 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was acquired at an average price of $20.46 per share, for a total transaction of $99,742.50. Following the transaction, the director directly owned 42,955 shares of the company's stock, valued at $878,859.30. This represents a 12.80% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Peter Minan purchased 2,946 shares of the firm's stock in a transaction that occurred 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 purchase, the chief financial officer owned 97,505 shares in the company, valued at $1,976,426.35. This represents a 3.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Enviri in the 2nd quarter worth about $25,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Enviri during the 2nd quarter valued at about $491,000. Newtyn Management LLC bought a new position in Enviri during the 2nd quarter valued at about $8,214,000. Ancora Advisors LLC acquired a new position in Enviri in the second quarter valued at about $875,000. Finally, Bluefin Capital Management LLC acquired a new position in Enviri in the second quarter valued at about $326,000. 93.43% of the stock is owned by institutional investors.

Enviri Company Profile

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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