Analyst Rating Update on Covanta Holding Corporation (CVA)

Covanta Holding Corporation (CVA) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Covanta Holding Corporation (CVA) : The highest short term price target forecast on Covanta Holding Corporation (CVA) is $21 and the lowest target price is $17. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $18.5 with a standard deviation of $1.39.

For the current week, the company shares have a recommendation consensus of Buy.


Covanta Holding Corporation (NYSE:CVA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.75 and $15.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.78, notching a gain of 0.13% for the day. The total traded volume was 851,101 . The stock had closed at $15.76 on the previous day.

Covanta Holding Corporation is a holding company. Through its subsidiaries, the Company owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. Energy-from-waste (EfW) serves two markets as both a sustainable waste management solution and as a source of clean energy. The Company operate and/or have ownership positions in 46 EfW facilities, which are primarily located in North America, and 11 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 million megawatt hours (MWh) of baseload electricity. The Company also operates a waste management infrastructure, including 18 transfer stations. The Company also operates, and in some cases has ownership interests in, transfer stations and landfills.

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