Covia (CVIA) Price Target Lowered to $19.00 at Credit Suisse Group

Covia (NASDAQ:CVIA) had its price objective lowered by Credit Suisse Group from $24.00 to $19.00 in a report published on Wednesday. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued reports about the stock. Seaport Global Securities reissued a buy rating on shares of Covia in a research report on Friday, June 1st. Royal Bank of Canada reissued a buy rating and issued a $18.00 price target on shares of Covia in a research report on Wednesday. Piper Jaffray Companies began coverage on shares of Covia in a research report on Monday, June 18th. They issued an overweight rating and a $24.00 price target for the company. Finally, Guggenheim reissued a neutral rating on shares of Covia in a research report on Friday, July 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Covia currently has a consensus rating of Buy and an average price target of $20.00.

Shares of NASDAQ CVIA traded down $0.13 during mid-day trading on Wednesday, reaching $12.12. The company had a trading volume of 32,073 shares, compared to its average volume of 394,628. Covia has a 12-month low of $12.22 and a 12-month high of $30.00.

Covia (NASDAQ:CVIA) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.62). The firm had revenue of $508.42 million for the quarter, compared to analyst estimates of $595.59 million. Covia’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share.

A number of large investors have recently added to or reduced their stakes in CVIA. American Securities LLC acquired a new position in Covia in the second quarter worth approximately $167,701,000. Hartland & Co. LLC acquired a new position in Covia in the second quarter worth approximately $54,407,000. BlackRock Inc. acquired a new position in Covia in the second quarter worth approximately $39,270,000. Bank of New York Mellon Corp acquired a new position in Covia in the second quarter worth approximately $34,098,000. Finally, Point72 Asset Management L.P. acquired a new position in Covia in the second quarter worth approximately $24,263,000.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

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Analyst Recommendations for Covia (NASDAQ:CVIA)

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