Covanta Holding Corporation (NYSE: CVA) recently received a number of ratings updates from brokerages and research firms:

  • 8/1/2017 – Covanta Holding Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/31/2017 – Covanta Holding Corporation was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $17.00 price target on the stock, up previously from $16.00.
  • 7/31/2017 – Covanta Holding Corporation was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock, up previously from $15.50.
  • 7/19/2017 – Covanta Holding Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/17/2017 – Covanta Holding Corporation had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/12/2017 – Covanta Holding Corporation was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $15.00 price target on the stock, down previously from $16.00.
  • 6/29/2017 – Covanta Holding Corporation is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $16.00 price target on the stock.
  • 6/27/2017 – Covanta Holding Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong 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. “
  • 6/23/2017 – Covanta Holding Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/14/2017 – Covanta Holding Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Covanta Holding Corporation (CVA) traded down 0.69% during trading on Wednesday, reaching $14.40. 921,777 shares of the company’s stock traded hands. The company’s 50 day moving average is $13.75 and its 200-day moving average is $14.83. The stock’s market cap is $1.87 billion. Covanta Holding Corporation has a 52-week low of $13.00 and a 52-week high of $16.50.

Covanta Holding Corporation (NYSE:CVA) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The company had revenue of $424 million during the quarter, compared to the consensus estimate of $416.18 million. Covanta Holding Corporation had a negative return on equity of 9.81% and a negative net margin of 1.41%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.22) earnings per share. On average, analysts anticipate that Covanta Holding Corporation will post ($0.23) earnings per share for the current fiscal year.

In related news, insider Paul E. Stauder sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $14.50, for a total value of $36,250.00. Following the transaction, the insider now directly owns 30,639 shares in the company, valued at $444,265.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.60% of the stock is currently owned by corporate insiders.

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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