Impact of Brokerage Rating on Covanta Holding Corporation(CVA)

Many Covanta Holding Corporation(CVA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Covanta Holding Corp was Downgraded by Stifel on Feb 13, 2017 to Hold, Price Target of the shares are set at $16.50.Covanta Holding Corp was Downgraded by Barclays on Jan 19, 2017 to Equal Weight, Price Target of the shares are set at $16.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Stephen J Jones (CEO) purchased 15,000 shares at 15.02 per share price.On Dec 12, 2016, Joseph M Holsten (director) purchased 20,000 shares at 14.34 per share price.On Nov 16, 2016, Robert S Silberman (director) purchased 2,000 shares at 14.73 per share price.

Covanta Holding Corp Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.14. The company had revenue of $421.00 million for the quarter, compared to analysts expectations of $421.43 million. The companys revenue was down -.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Covanta Holding Corporation (NYSE:CVA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.75 by 8 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Covanta Holding Corporation (NYSE:CVA): 8 analysts have set the short term price target of Covanta Holding Corporation (NYSE:CVA) at $17.94. The standard deviation of short term price target has been estimated at $1.72, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 21 and $16 respectively.

Covanta Holding Corporation (NYSE:CVA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.65% or 0.1 points. After the session commenced at $15.45, the stock reached the higher end at $15.55 while it hit a low of $15.25. With the volume soaring to 746,405 shares, the last trade was called at $15.4. The company has a 52-week high of $17.75. The company has a market cap of $2,008 million and there are 130,415,290 shares in outstanding. The 52-week low of the share price is $12.55.

Covanta Holding Corporation is an internationally recognized owner and operator of large-scale Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energys Office of Energy Efficiency and Renewable Energy. Covantas Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy.


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