Covia (NASDAQ:CVIA) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.
A number of other analysts have also recently commented on CVIA. Wells Fargo & Co initiated coverage on Covia in a research report on Friday, September 14th. They set a “market perform” rating and a $11.00 price objective for the company. Morgan Stanley cut Covia from an “equal” rating to a “weight” rating in a research report on Thursday, October 11th. Seaport Global Securities reiterated a “buy” rating on shares of Covia in a research report on Thursday, August 30th. Zacks Investment Research cut Covia from a “hold” rating to a “strong sell” rating in a research report on Monday, August 20th. Finally, Royal Bank of Canada cut Covia from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of NASDAQ:CVIA opened at $7.60 on Wednesday. Covia has a 1 year low of $7.22 and a 1 year high of $30.00.
Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Investment Advisors Ltd. purchased a new stake in Covia in the second quarter worth about $111,000. Cubist Systematic Strategies LLC purchased a new stake in Covia in the second quarter worth about $117,000. Russell Investments Group Ltd. purchased a new stake in Covia in the second quarter worth about $158,000. WealthTrust Fairport LLC purchased a new stake in Covia in the second quarter worth about $164,000. Finally, Strs Ohio purchased a new stake in Covia in the second quarter worth about $168,000.
There is no company description available for Covia Holdings Corp.
See Also: How dollar cost averaging works
Receive News & Ratings for Covia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covia and related companies with MarketBeat.com's FREE daily email newsletter.