Enviri Corporation (NYSE:NVRI) Receives $24.50 Consensus PT from Analysts

Shares of Enviri Corporation (NYSE:NVRI) have received a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.50.

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

Enviri Price Performance

Shares of NYSE NVRI opened at $20.57 on Monday. The business has a 50 day simple moving average of $22.08 and a 200 day simple moving average of $20.58. Enviri has a 52 week low of $11.15 and a 52 week high of $24.20.

Enviri (NYSE:NVRI) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32). The company had revenue of $324.00 million for the quarter, compared to analysts’ expectations of $370.97 million. The business’s quarterly revenue was down 66.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Equities analysts expect that Enviri will post -1.55 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Peter Minan bought 2,946 shares of Enviri stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the acquisition, the chief financial officer owned 97,505 shares in the company, valued at $1,976,426.35. This trade represents a 3.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carolann Haznedar bought 4,875 shares of the firm’s 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 transaction, the director directly owned 42,955 shares of the company’s stock, valued at approximately $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enviri

A number of hedge funds have recently bought and sold shares of NVRI. BlackRock Inc. bought a new stake in Enviri in the 2nd quarter valued at $45,735,000. Highbridge Capital Management LLC acquired a new position in shares of Enviri during the fourth quarter valued at about $26,802,000. ExodusPoint Capital Management LP bought a new stake in shares of Enviri in the fourth quarter valued at about $15,491,000. Bank of America Corp DE increased its stake in Enviri by 333.0% during the first quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock valued at $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 in the 2nd quarter valued at approximately $13,320,000. 93.43% of the stock is currently owned by institutional investors.

Enviri Company Profile

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.