Covanta (NYSE:CVA) is scheduled to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Covanta (NYSE CVA) opened at $16.10 on Thursday. The company has a market capitalization of $2,110.00, a PE ratio of -31.57, a PEG ratio of 14.76 and a beta of 0.65. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta has a twelve month low of $13.00 and a twelve month high of $17.30.
CVA has been the topic of a number of research analyst reports. Robert W. Baird restated a “buy” rating and set a $19.00 price target on shares of Covanta in a report on Wednesday, November 1st. Oppenheimer restated a “buy” rating and set a $19.00 price target on shares of Covanta in a report on Tuesday, December 19th. Zacks Investment Research downgraded Covanta from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Goldman Sachs Group upgraded Covanta from a “sell” rating to a “neutral” rating and set a $16.00 price target on the stock in a report on Sunday, January 7th. Finally, BMO Capital Markets boosted their price target on Covanta from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, October 30th. 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. The stock presently has a consensus rating of “Buy” and a consensus 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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