Brokerage Firm Rating on Covanta Holding Corporation (CVA)

Covanta Holding Corporation (CVA) : Zacks Investment Research ranks Covanta Holding Corporation (CVA) as 5, which is a Strong Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.5, which indicates as a Strong Buy.

Covanta Holding Corporation (CVA) : 8 investment research analysts covering Covanta Holding Corporation (CVA) have an average price target of $18.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $16 for the short term. Analysts expect the variance to be within $1.58 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Covanta Holding Corporation (NYSE:CVA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.84 and $14.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.00, notching a gain of 1.49% for the day. The total traded volume was 796,834 . The stock had closed at $14.78 on the previous day.

In a related news,The director of Covanta Holding Corp, Broglio Ronald J sold 4,500 shares at $15.78 on July 28, 2016. The Insider selling transaction had a total value worth of $71,010. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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