BMO Capital Markets Has Lowered Expectations for Enviri (NYSE:NVRI) Stock Price

Enviri (NYSE:NVRI) had its price target decreased by research analysts at BMO Capital Markets from $13.00 to $10.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 37.55% from the stock’s current price.

Enviri Trading Down 5.1 %

Shares of NVRI opened at $7.27 on Friday. The company has a 50 day moving average price of $10.33 and a 200-day moving average price of $9.59. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.72.

Enviri (NYSE:NVRI) last announced its quarterly 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). Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The business had revenue of $573.60 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same period in the previous year, the company posted $0.05 EPS. Enviri’s revenue for the quarter was down 3.9% on a year-over-year basis.

Institutional Investors Weigh In On Enviri

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Enviri during the first quarter valued at approximately $892,000. Paradigm Capital Management Inc. NY lifted its position in 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 acquiring an additional 132,000 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in 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 acquiring an additional 383,395 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Enviri by 6.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 439,925 shares of the company’s stock valued at $3,797,000 after purchasing an additional 26,129 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Enviri during the 2nd quarter valued at approximately $1,124,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Enviri Company Profile

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.