Enviri Corporation (NYSE:NVRI) Given Average Recommendation of “Hold” by Analysts

Shares of Enviri Corporation (NYSE:NVRI) have been given an average rating of “Hold” by the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.25.

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Enviri in a research report on Wednesday, February 25th. Finally, BMO Capital Markets upped their target price on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th.

Hedge Funds Weigh In On Enviri

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of Enviri during the 3rd quarter worth $27,000. KBC Group NV acquired a new position in shares of Enviri during the 1st quarter worth $31,000. Rockefeller Capital Management L.P. raised its holdings in shares of Enviri by 204.5% during the 4th 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 acquired a new position in shares of Enviri during the 4th quarter worth $37,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Enviri by 43.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after buying an additional 2,322 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Price Performance

Enviri stock opened at $19.37 on Friday. Enviri has a 12 month low of $7.70 and a 12 month high of $21.42. The stock’s 50 day moving average is $19.50 and its 200-day moving average is $18.65. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.31 and a beta of 1.59.

Enviri (NYSE:NVRI) last posted its earnings results on Monday, May 11th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.26) by $0.36. Enviri had a negative return on equity of 8.59% and a negative net margin of 7.50%.The company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts expect that Enviri will post -0.45 EPS for the current year.

Enviri Announces Dividend

The business also recently declared a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Enviri Company Profile

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.