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NYSE:CVA

Covanta Stock Forecast, Price & News

$12.70
+0.11 (+0.87 %)
(As of 11/27/2020 12:59 PM ET)
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Compare
Today's Range
$12.44
Now: $12.70
$12.73
50-Day Range
$7.62
MA: $9.69
$12.70
52-Week Range
$6.57
Now: $12.70
$16.13
Volume54,371 shs
Average Volume1.42 million shs
Market Capitalization$1.68 billion
P/E RatioN/A
Dividend Yield2.52%
Beta1.28
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. The company disposes waste and generates electricity and/or steam; sells metal recovered during the energy-from-waste (EfW) process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, reverse distribution, transportation and logistics, recycling, and depackaging. As of December 31, 2019, it owned and operated 41 EfW operations, 14 transfer stations, 20 material processing facilities, four landfills, two wood waste energy projects, one regional metals recycling facility, and one ash processing facility. Covanta Holding Corporation has a strategic partnership with the Green Investment Group Limited to develop EfW projects in Ireland and the United Kingdom. The company was formerly known as Danielson Holding Corporation and changed its name to Covanta Holding Corporation in September 2005. Covanta Holding Corporation was incorporated in 1992 and is headquartered in Morristown, New Jersey.
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Covanta logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars


Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryEnvironmental & Facilities Services
CUSIP22282E10
Phone862-345-5000
Employees4,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.87 billion
Cash Flow$1.80 per share
Book Value$2.15 per share

Profitability

Net Income$10 million

Miscellaneous

Market Cap$1.68 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$12.70
+0.11 (+0.87 %)
(As of 11/27/2020 12:59 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Covanta (NYSE:CVA) Frequently Asked Questions

How has Covanta's stock been impacted by COVID-19?

Covanta's stock was trading at $10.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CVA stock has increased by 16.0% and is now trading at $12.70.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Covanta?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Covanta
.

What stocks does MarketBeat like better than Covanta?

Wall Street analysts have given Covanta a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Covanta wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Covanta's next earnings date?

Covanta is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Covanta
.

How were Covanta's earnings last quarter?

Covanta Holding Co. (NYSE:CVA) announced its quarterly earnings results on Thursday, October, 29th. The energy company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.07. The energy company had revenue of $491 million for the quarter, compared to analysts' expectations of $465.71 million. Covanta had a negative return on equity of 9.01% and a negative net margin of 1.48%. Covanta's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS.
View Covanta's earnings history
.

How often does Covanta pay dividends? What is the dividend yield for Covanta?

Covanta announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Monday, September 28th will be given a dividend of $0.08 per share on Friday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, September 25th.
View Covanta's dividend history
.

What price target have analysts set for CVA?

7 brokerages have issued 12-month price targets for Covanta's shares. Their forecasts range from $7.00 to $16.00. On average, they expect Covanta's stock price to reach $11.79 in the next year. This suggests that the stock has a possible downside of 7.2%.
View analysts' price targets for Covanta
.

Are investors shorting Covanta?

Covanta saw a increase in short interest in October. As of October 30th, there was short interest totaling 3,350,000 shares, an increase of 31.9% from the October 15th total of 2,540,000 shares. Based on an average trading volume of 999,400 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.6% of the company's shares are sold short.
View Covanta's Short Interest
.

Who are some of Covanta's key competitors?

What other stocks do shareholders of Covanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covanta investors own include AT&T (T), Ford Motor (F), Enterprise Products Partners (EPD), Intel (INTC), CVS Health (CVS), International Business Machines (IBM), Cisco Systems (CSCO), Verizon Communications (VZ), General Electric (GE) and Johnson & Johnson (JNJ).

Who are Covanta's key executives?

Covanta's management team includes the following people:
  • Mr. Michael W. Ranger, Pres, CEO & Director (Age 62, Pay $96.25k)
  • Mr. Bradford J. Helgeson, Exec. VP & CFO (Age 43, Pay $826.75k)
  • Mr. Derek W. Veenhof, Exec. VP & COO (Age 53, Pay $758.15k)
  • Mr. Timothy J. Simpson, Exec. VP & Chief Admin. Officer (Age 61, Pay $672.05k)
  • Mr. Joseph J. Schantz II, Chief Accounting Officer & VP (Age 37)
  • Mr. Daniel Joshua Mannes CFA, VP of Investor Relations
  • Mr. Thomas L. Kenyon, Exec. VP, Gen. Counsel & Sec.
  • Mr. Matthew R. Mulcahy, Exec. VP & Head of Corp. Devel. (Age 56)
  • Ms. Virginia D. Angilello, Sr. VP & Chief HR Officer (Age 50)
  • Dr. Paul Gilman, Sr. VP & Chief Sustainability Officer

What is Covanta's stock symbol?

Covanta trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVA."

Who are Covanta's major shareholders?

Covanta's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.94%), Fuller & Thaler Asset Management Inc. (4.51%), State Street Corp (1.79%), Neuberger Berman Group LLC (1.30%), Ecofin Advisors Ltd (1.13%) and Charles Schwab Investment Management Inc. (1.00%). Company insiders that own Covanta stock include Castro Michael Joseph De, Linda J Fisher, Matthew Mulcahy, Paul E Stauder, Robert S Silberman, Ronald J Broglio and Timothy Simpson.
View institutional ownership trends for Covanta
.

Which institutional investors are selling Covanta stock?

CVA stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, BlackRock Inc., Fuller & Thaler Asset Management Inc., Raymond James & Associates, Advisors Asset Management Inc., BOKF NA, Teacher Retirement System of Texas, and State Street Corp. Company insiders that have sold Covanta company stock in the last year include Paul E Stauder, and Ronald J Broglio.
View insider buying and selling activity for Covanta
.

Which institutional investors are buying Covanta stock?

CVA stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Royce & Associates LP, DekaBank Deutsche Girozentrale, Morgan Stanley, Alps Advisors Inc., Alps Advisors Inc., Peregrine Capital Management LLC, and Cambridge Investment Research Advisors Inc.. Company insiders that have bought Covanta stock in the last two years include Castro Michael Joseph De, and Robert S Silberman.
View insider buying and selling activity for Covanta
.

How do I buy shares of Covanta?

Shares of CVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Covanta's stock price today?

One share of CVA stock can currently be purchased for approximately $12.70.

How big of a company is Covanta?

Covanta has a market capitalization of $1.68 billion and generates $1.87 billion in revenue each year. The energy company earns $10 million in net income (profit) each year or $0.07 on an earnings per share basis. Covanta employs 4,000 workers across the globe.

What is Covanta's official website?

The official website for Covanta is www.covanta.com.

How can I contact Covanta?

Covanta's mailing address is 445 South Street, Morristown NJ, 07960. The energy company can be reached via phone at 862-345-5000 or via email at [email protected]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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