Covanta Holding Corporation (NYSE:CVA) has received an average rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.79.

A number of equities research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Covanta Holding Corporation in a report on Thursday, June 29th. They set a “market perform” rating and a $16.00 target price on the stock. Stifel Nicolaus raised shares of Covanta Holding Corporation from a “hold” rating to a “buy” rating and boosted their target price for the stock from $15.50 to $17.00 in a report on Monday, July 31st. BidaskClub lowered shares of Covanta Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Covanta Holding Corporation in a research report on Monday, July 17th. Finally, Barclays PLC upgraded shares of Covanta Holding Corporation from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Wednesday, July 12th.

In related news, insider Paul E. Stauder sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $14.50, for a total transaction of $36,250.00. Following the transaction, the insider now owns 30,639 shares in the company, valued at approximately $444,265.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald J. Broglio sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $14.33, for a total transaction of $42,990.00. Following the transaction, the director now owns 8,672 shares in the company, valued at approximately $124,269.76. The disclosure for this sale can be found here. 11.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Covanta Holding Corporation by 17,486.2% in the first quarter. BlackRock Inc. now owns 5,904,931 shares of the energy company’s stock valued at $92,706,000 after buying an additional 5,871,354 shares during the last quarter. RidgeWorth Capital Management LLC increased its position in Covanta Holding Corporation by 42.9% in the first quarter. RidgeWorth Capital Management LLC now owns 4,087,721 shares of the energy company’s stock valued at $65,195,000 after buying an additional 1,226,577 shares during the last quarter. Bank of America Corp DE increased its position in Covanta Holding Corporation by 125.4% in the first quarter. Bank of America Corp DE now owns 1,017,315 shares of the energy company’s stock valued at $15,971,000 after buying an additional 565,920 shares during the last quarter. GW&K Investment Management LLC increased its position in Covanta Holding Corporation by 36.5% in the first quarter. GW&K Investment Management LLC now owns 1,858,196 shares of the energy company’s stock valued at $29,174,000 after buying an additional 497,292 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in Covanta Holding Corporation by 25.7% in the second quarter. Deprince Race & Zollo Inc. now owns 2,096,392 shares of the energy company’s stock valued at $27,672,000 after buying an additional 429,071 shares during the last quarter. Hedge funds and other institutional investors own 90.04% of the company’s stock.

Shares of Covanta Holding Corporation (NYSE CVA) traded up 2.08% during trading on Friday, reaching $14.70. 1,034,994 shares of the company traded hands. Covanta Holding Corporation has a 12-month low of $13.00 and a 12-month high of $16.50. The firm’s market capitalization is $1.91 billion. The company has a 50 day moving average price of $13.75 and a 200 day moving average price of $14.83.

Covanta Holding Corporation (NYSE:CVA) last posted its earnings results on Thursday, July 27th. The energy company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.04. Covanta Holding Corporation had a negative return on equity of 9.81% and a negative net margin of 1.41%. The business had revenue of $424 million for the quarter, compared to the consensus estimate of $416.18 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Covanta Holding Corporation will post ($0.23) EPS for the current year.

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About Covanta Holding Corporation

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.

Analyst Recommendations for Covanta Holding Corporation (NYSE:CVA)

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