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Analysts at Imperial Capital hoisted their target price on shares of Covanta Holding Corp (NYSE:CVA) from $19.00 to $22.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price indicates a potential upside of 9.73% from the stock’s previous close.

Shares of Covanta Holding Corp (NYSE:CVA) traded up 0.40% on Wednesday, hitting $20.13. The stock had a trading volume of 773,925 shares. Covanta Holding Corp has a one year low of $16.42 and a one year high of $21.89. The stock’s 50-day moving average is $18.80 and its 200-day moving average is $17.94. The company has a market cap of $2.597 billion and a P/E ratio of 303.79.

Covanta Holding Corp (NYSE:CVA) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts expect that Covanta Holding Corp will post $0.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Wednesday, June 25th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Monday, June 23rd.

Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Covanta Holding Corp in a research note on Wednesday. They now have a $25.00 price target on the stock, up previously from $21.00. Separately, analysts at Credit Suisse raised their price target on shares of Covanta Holding Corp from $19.00 to $22.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Covanta Holding Corp from $22.00 to $24.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Covanta Holding Corp currently has an average rating of “Buy” and a consensus price target of $22.54.

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

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