Covanta Holding Corp. (CVA) to Release Earnings on Thursday
Covanta Holding Corp. (NYSE:CVA) will post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Covanta Holding Corp. to post earnings of $0.27 per share and revenue of $424.94 million for the quarter.
Shares of Covanta Holding Corp. (NYSE:CVA) opened at 20.52 on Wednesday. Covanta Holding Corp. has a one year low of $16.90 and a one year high of $21.80. The stock’s 50-day moving average is $21.08 and its 200-day moving average is $20.30. The company has a market cap of $2.647 billion and a P/E ratio of 60.18.
A number of analysts have recently weighed in on CVA shares. Analysts at Barclays cut their price target on shares of Covanta Holding Corp. from $21.00 to $20.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Stifel Nicolaus initiated coverage on shares of Covanta Holding Corp. in a research note to investors on Thursday, October 17th. They set a “hold” rating on the stock. Finally, analysts at Wedbush downgraded shares of Covanta Holding Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 17th. They now have a $23.00 price target on the stock, down previously from $24.00. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.70.
Covanta Holding Corporation (NYSE:CVA) is a holding company.
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