Lake Street Initiates a Buy Rating on Enviri (NVRI)

Lake Street analyst Robert Brown initiated coverage with a Buy rating on Enviri (NVRI – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $8.05.

Brown covers the Industrials sector, focusing on stocks such as Chart Industries, Babcock & Wilcox Company, and Enviri. According to TipRanks, Brown has an average return of 16.8% and a 53.29% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Enviri with a $18.00 average price target.

Based on Enviri’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $528.82 million and a GAAP net loss of $54.36 million. In comparison, last year the company earned a revenue of $468.3 million and had a GAAP net loss of $36.72 million

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Enviri (NVRI) Company Description:

Harsco Corp. engages in the provision of industrial services and engineered products. It operates through the following business segments: Harsco Environmental, Harsco Clean Earth, and Harsco Rail. The Harsco Environmental provides environmental services and material processing to the global steel and metals industries. The Harsco Clean Earth segment provides processing and beneficial reuse solutions for hazardous wastes, contaminated materials, and dredged volumes. The Harsco Rail segment provides equipment, after-market parts and services for the maintenance, repair and construction of railway track. The company was founded in 1853 and is headquartered in Camp Hill, PA.