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:

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%.

TRADEMARK VIOLATION NOTICE: This article was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/11/04/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-covanta-holding-corporation-cva-stock-price.html.

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.

Insider Buying and Selling by Quarter for Covanta Holding Corporation (NYSE:CVA)

Receive News & Ratings for Covanta Holding Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covanta Holding Corporation and related companies with MarketBeat.com's FREE daily email newsletter.