Covanta (CVA) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Covanta (NYSE: CVA) recently:

  • 3/14/2018 – Covanta is now covered by analysts at UBS. They set a “neutral” rating and a $15.00 price target on the stock.
  • 3/13/2018 – Covanta was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/9/2018 – Covanta was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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 Energy’s Office of Energy Efficiency and Renewable Energy. Covanta’s 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. “
  • 3/7/2018 – Covanta was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/1/2018 – Covanta was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/23/2018 – Covanta was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/23/2018 – Covanta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “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 Energy’s Office of Energy Efficiency and Renewable Energy. Covanta’s 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. “
  • 2/9/2018 – Covanta was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “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 Energy’s Office of Energy Efficiency and Renewable Energy. Covanta’s 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. “

Covanta Holding Corp (NYSE:CVA) traded down $0.10 during midday trading on Friday, reaching $14.90. 1,338,789 shares of the company’s stock traded hands, compared to its average volume of 932,747. Covanta Holding Corp has a 12-month low of $13.00 and a 12-month high of $17.30. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $2,010.74, a PE ratio of 34.65, a price-to-earnings-growth ratio of 15.16 and a beta of 0.71.

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Covanta (NYSE:CVA) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.11). Covanta had a negative return on equity of 13.02% and a net margin of 3.25%. The firm had revenue of $495.00 million for the quarter, compared to analysts’ expectations of $462.71 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. equities research analysts expect that Covanta Holding Corp will post 0.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend is Wednesday, March 28th. Covanta’s dividend payout ratio is currently 232.56%.

In other news, insider Paul E. Stauder sold 3,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $14.90, for a total transaction of $44,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.60% of the company’s stock.

Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.

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