Enviri Corporation (NYSE:NVRI) Receives $22.25 Consensus Price Target from Analysts

Shares of Enviri Corporation (NYSE:NVRI) have earned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.25.

A number of analysts have recently commented on NVRI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. BMO Capital Markets raised their price target on shares of Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen upgraded Enviri to a “hold” rating in a report on Saturday, June 13th.

Enviri Price Performance

Enviri stock opened at $22.24 on Friday. The stock has a market capitalization of $625.03 million, a P/E ratio of -10.69 and a beta of 1.59. The company’s fifty day moving average price is $21.60 and its 200 day moving average price is $19.87. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13. Enviri has a 1 year low of $7.70 and a 1 year high of $23.56.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.36. The company had revenue of $549.80 million during the quarter, compared to analysts’ expectations of $465.37 million. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share. As a group, equities research analysts anticipate that Enviri will post -0.45 earnings per share for the current fiscal year.

Enviri Announces Dividend

The company also recently announced a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were given a $15.00 dividend. The ex-dividend date was Monday, June 1st.

Insider Activity

In other news, CFO Peter Francis Minan purchased 8,333 shares of the stock in a transaction dated Friday, June 5th. The shares were purchased at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. The trade was a 102.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in shares of Enviri during the first quarter worth $31,000. Rockefeller Capital Management L.P. lifted 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 buying an additional 1,264 shares in the last quarter. Torren Management LLC purchased a new position in shares of Enviri in the fourth quarter worth about $37,000. Advisory Services Network LLC acquired a new position in Enviri during the third quarter worth about $27,000. Finally, State of Wyoming acquired a new position in Enviri during the first quarter worth about $68,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

About Enviri

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.