Enviri Corporation (NYSE:NVRI) Stock Now Rated “Hold” by Wall Street Analysts

Enviri Corporation (NYSE:NVRI) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.50.

NVRI has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Enviri from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. BMO Capital Markets raised their price objective on shares of Enviri from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Enviri from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday.

Insider Activity at Enviri

In other Enviri news, CFO Peter Minan bought 2,946 shares of Enviri stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $20.27 per share, for a total transaction of $59,715.42. Following the acquisition, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carolann Haznedar purchased 4,875 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was acquired 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 in the company, valued at $878,859.30. This trade represents a 12.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.50% of the stock is owned by corporate insiders.

Institutional Trading of Enviri

Large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Enviri by 333.0% during the 1st quarter. Bank of America Corp DE now owns 912,015 shares of the company’s stock worth $17,894,000 after purchasing an additional 701,365 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Enviri in the 2nd quarter valued at about $2,004,000. Newtyn Management LLC acquired a new position in shares of Enviri during the second quarter worth about $8,214,000. Kintayl Capital LP acquired a new position in shares of Enviri during the second quarter worth about $1,213,000. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Enviri by 183.8% during the first quarter. OMERS ADMINISTRATION Corp now owns 921,561 shares of the company’s stock worth $18,081,000 after buying an additional 596,861 shares in the last quarter. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Stock Performance

NVRI stock opened at $19.59 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Enviri has a 12-month low of $11.15 and a 12-month high of $24.20. The business’s fifty day moving average price is $20.93 and its 200 day moving average price is $20.83.

Enviri (NYSE:NVRI) last posted its 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 firm posted $0.22 earnings per share. The company’s quarterly revenue was down 66.7% compared to the same quarter last year. On average, equities research analysts expect that Enviri will post -1.55 EPS for the current year.

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.