Brokerages Set Enviri Corporation (NYSE:NVRI) Price Target at $22.25

Enviri Corporation (NYSE:NVRI) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $22.25.

Several brokerages have weighed in on NVRI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Enviri in a report on Wednesday, February 25th. BMO Capital Markets lifted their price objective on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised shares of Enviri to a “hold” rating in a research note on Saturday.

Enviri Price Performance

Shares of NYSE NVRI opened at $21.39 on Friday. The stock has a market capitalization of $601.26 million, a PE ratio of -10.29 and a beta of 1.59. The company has a debt-to-equity ratio of 5.66, a current ratio of 1.13 and a quick ratio of 0.86. The business has a fifty day moving average price of $19.67 and a two-hundred day moving average price of $18.88. Enviri has a fifty-two week low of $7.70 and a fifty-two week high of $21.74.

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

Enviri Dividend Announcement

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

Insider Transactions at Enviri

In other news, CFO Peter Francis Minan acquired 8,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired 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 $316,354.50. The trade was a 102.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its stake in Enviri by 3.4% in the first quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock valued at $321,000 after acquiring an additional 531 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Enviri by 5.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after acquiring an additional 872 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after acquiring an additional 1,264 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Enviri by 14.0% in the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after acquiring an additional 1,554 shares during the last quarter. Finally, KBC Group NV bought a new position in Enviri in the first quarter valued at approximately $31,000. 93.43% of the stock is owned by institutional investors.

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.