Somewhat Positive Press Coverage Somewhat Unlikely to Affect Covanta Holding Corporation (CVA) Stock Price
Headlines about Covanta Holding Corporation (NYSE:CVA) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Covanta Holding Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.8225391934504 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Covanta Holding Corp. :CVA-US: Earnings Analysis: Q3, 2017 By the Numbers : November 3, 2017 (finance.yahoo.com)
- Covanta Environmental Solutions Opens State-of-the-Art Materials Processing Facility in Milwaukee (finance.yahoo.com)
- Covanta Holding Corporation to Present at the 2017 Robert W. Baird Global Industrial Conference (finance.yahoo.com)
- Covanta Holding Corporation (CVA) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Traders Alert: American Tower Corporation, (NYSE: AMT), Covanta Holding Corporation, (NYSE: CVA), Baidu, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
A number of equities research analysts recently commented on CVA shares. Zacks Investment Research upgraded Covanta Holding Corporation from a “sell” rating to a “hold” rating in a report on Monday, September 18th. BidaskClub downgraded Covanta Holding Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Stifel Nicolaus upgraded Covanta Holding Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $15.50 to $17.00 in a report on Monday, July 31st. Robert W. Baird reiterated a “buy” rating and issued a $17.00 price objective on shares of Covanta Holding Corporation in a report on Friday, September 1st. Finally, BMO Capital Markets upped their price objective on Covanta Holding Corporation from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Covanta Holding Corporation currently has an average rating of “Hold” and a consensus price target of $17.69.
Covanta Holding Corporation (NYSE CVA) traded down $0.23 during mid-day trading on Friday, hitting $15.45. The stock had a trading volume of 947,932 shares, compared to its average volume of 1,069,575. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta Holding Corporation has a 52 week low of $13.00 and a 52 week high of $16.50.
Covanta Holding Corporation (NYSE:CVA) last posted its quarterly earnings data on Thursday, October 26th. The energy company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. Covanta Holding Corporation had a negative return on equity of 12.66% and a negative net margin of 3.68%. The company had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $421.87 million. During the same period in the prior year, the firm earned $0.18 earnings per share. Covanta Holding Corporation’s revenue for the quarter was up 1.9% compared to the same quarter last year. equities research analysts anticipate that Covanta Holding Corporation will post -0.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 28th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, September 27th. This represents a $1.00 annualized dividend and a yield of 6.47%. Covanta Holding Corporation’s dividend payout ratio (DPR) is presently -200.00%.
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.
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