Covanta (NYSE:CVA) will post its quarterly earnings results after the market closes on Thursday, February 22nd. Analysts expect Covanta to post earnings of $0.21 per share for the quarter.
Covanta (NYSE CVA) opened at $16.15 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta has a 1-year low of $13.00 and a 1-year high of $17.30.
CVA has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Covanta from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and issued a $19.00 price objective on shares of Covanta in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Covanta from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Oppenheimer reiterated a “buy” rating and issued a $19.00 price objective on shares of Covanta in a report on Tuesday, December 19th. Finally, Goldman Sachs Group upgraded shares of Covanta from a “sell” rating to a “neutral” rating and set a $16.00 price objective for the company in a report on Sunday, January 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Covanta currently has a consensus rating of “Buy” and an average target price of $18.00.
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.
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