Enviri (NYSE:NVRI) Given New $10.00 Price Target at BMO Capital Markets

by · The Cerbat Gem

Enviri (NYSE:NVRI – Free Report) had its target price reduced by BMO Capital Markets from $13.00 to $10.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a market perform rating on the stock.

Enviri Stock Performance

Enviri stock traded down $0.39 during mid-day trading on Friday, hitting $7.27. 1,248,843 shares of the company’s stock traded hands, compared to its average volume of 449,815. The firm has a 50 day moving average price of $10.33 and a 200 day moving average price of $9.59. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market cap of $582.40 million, a PE ratio of -6.01 and a beta of 2.19. Enviri has a one year low of $5.64 and a one year high of $12.79.

Enviri (NYSE:NVRI – Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS.

Hedge Funds Weigh In On Enviri

A number of hedge funds have recently modified their holdings of NVRI. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Enviri by 1.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,330,795 shares of the company’s stock valued at $46,005,000 after buying an additional 62,298 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Enviri by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,107,266 shares of the company’s stock valued at $35,446,000 after buying an additional 249,181 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Enviri by 3.5% during the second quarter. Paradigm Capital Management Inc. NY now owns 3,908,400 shares of the company’s stock valued at $33,729,000 after buying an additional 132,000 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Enviri by 11.1% during the second quarter. D. E. Shaw & Co. Inc. now owns 3,823,704 shares of the company’s stock valued at $32,999,000 after buying an additional 383,395 shares in the last quarter. Finally, Leeward Investments LLC MA grew its holdings in shares of Enviri by 93.5% during the third quarter. Leeward Investments LLC MA now owns 908,912 shares of the company’s stock valued at $9,398,000 after buying an additional 439,102 shares in the last quarter. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Company Profile

(Get Free Report)

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.

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