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Covanta Holding Corp (NYSE:CVA) declared a quarterly dividend on Thursday, June 5th, Analyst Ratings.Net reports. Stockholders of record on Wednesday, June 25th will be given a dividend of 0.18 per share on Wednesday, July 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 3.77%.

A number of research firms have recently commented on CVA. Analysts at BB&T Corp. initiated coverage on shares of Covanta Holding Corp in a research note on Wednesday, May 21st. They set a “buy” rating and a $23.00 price target on the stock. On the ratings front, analysts at Barclays upgraded shares of Covanta Holding Corp from an “equal weight” rating to an “overweight” rating in a research note on Friday, May 9th. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Zacks upgraded shares of Covanta Holding Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 7th. They now have a $19.90 price target on the stock. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.74.

Shares of Covanta Holding Corp (NYSE:CVA) remained flat at $19.12 during during mid-day trading trading on Thursday. The stock had a trading volume of 690,102 shares. Covanta Holding Corp has a 52 week low of $16.42 and a 52 week high of $21.89. The stock’s 50-day moving average is $18.63 and its 200-day moving average is $17.89. The company has a market cap of $2.466 billion and a P/E ratio of 289.70.

Covanta Holding Corp (NYSE:CVA) last announced its earnings results on Tuesday, April 22nd. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.12. The company had revenue of $401.00 million for the quarter, compared to the consensus estimate of $381.10 million. During the same quarter last year, the company posted ($0.21) earnings per share. Covanta Holding Corp’s revenue was up 7.8% compared to the same quarter last year. Analysts expect that Covanta Holding Corp will post $0.44 EPS for the current fiscal year.

Covanta Holding Corporation (NYSE:CVA) is a holding company.

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