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Covanta Stock Forecast, Price & News

+0.24 (+3.13 %)
(As of 09/25/2020 12:00 AM ET)
Today's Range
Now: $7.90
50-Day Range
MA: $9.10
52-Week Range
Now: $7.90
Volume562,637 shs
Average Volume1.12 million shs
Market Capitalization$1.04 billion
P/E RatioN/A
Dividend Yield4.13%
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, transportation and logistics, recycling, and depackaging. It owns and operates 44 EfW facilities; 16 waste transfer stations, 20 material processing facilities, 4 landfills, and 1 regional metals recycling facility. Covanta Holding Corporation has a strategic partnership with the Green Investment Group Limited to develop, fund, and own 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 founded in 1960 and is headquartered in Morristown, New Jersey.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.80 out of 5 stars

Industry, Sector and Symbol

Industry Electric, gas & sanitary services
Sub-IndustryEnvironmental & Facilities Services



Sales & Book Value

Annual Sales$1.87 billion
Cash Flow$1.79 per share
Book Value$2.86 per share


Net Income$10 million


Market Cap$1.04 billion
Next Earnings Date10/22/2020 (Estimated)
+0.24 (+3.13 %)
(As of 09/25/2020 12:00 AM 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 decreased by 27.9% and is now trading at $7.90.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Covanta?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covanta in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Covanta

When is Covanta's next earnings date?

Covanta is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Covanta

How were Covanta's earnings last quarter?

Covanta Holding Corp (NYSE:CVA) issued its quarterly earnings results on Thursday, July, 30th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.09. The energy company had revenue of $454 million for the quarter, compared to the consensus estimate of $450.27 million. Covanta had a negative net margin of 1.01% and a negative return on equity of 5.69%.
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. Investors of record on Monday, September 28th will be paid a dividend of $0.08 per share on Friday, October 9th. This represents a $0.32 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, September 25th.
View Covanta's dividend history

What price target have analysts set for CVA?

8 Wall Street analysts have issued 12-month target prices for Covanta's stock. Their forecasts range from $7.00 to $16.00. On average, they expect Covanta's stock price to reach $11.93 in the next year. This suggests a possible upside of 51.0% from the stock's current price.
View analysts' price targets for Covanta

Are investors shorting Covanta?

Covanta saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,890,000 shares, a drop of 13.7% from the August 15th total of 3,350,000 shares. Based on an average trading volume of 896,400 shares, the short-interest ratio is currently 3.2 days. Approximately 2.2% of the shares of the stock 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), Enterprise Products Partners (EPD), Ford Motor (F), Intel (INTC), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS), IBM (IBM), General Electric (GE) and Pfizer (PFE).

Who are Covanta's key executives?

Covanta's management team includes the following people:
  • Mr. Stephen J. Jones, Pres, CEO & Director (Age 58)
  • Mr. Bradford J. Helgeson, Exec. VP & CFO (Age 42)
  • Mr. Timothy J. Simpson, Exec. VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Derek W. Veenhof, Exec. VP of Asset Management (Age 52)
  • Mr. Michael Joseph de Castro, Exec. VP of Supply Chain (Age 56)

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 shareholders include Vanguard Group Inc. (8.65%), Bank of New York Mellon Corp (3.60%), FIL Ltd (2.32%), Neuberger Berman Group LLC (2.23%), Electron Capital Partners LLC (1.58%) and Tortoise Advisors UK Ltd (1.09%). 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 major investors are selling Covanta stock?

CVA stock was sold by a variety of institutional investors in the last quarter, including Levin Capital Strategies L.P., Nuveen Asset Management LLC, Vanguard Group Inc., Russell Investments Group Ltd., Baird Financial Group Inc., Stifel Financial Corp, Gilman Hill Asset Management LLC, and Raymond James & Associates.
View insider buying and selling activity for Covanta

Which major investors are buying Covanta stock?

CVA stock was bought by a variety of institutional investors in the last quarter, including Electron Capital Partners LLC, FIL Ltd, Teacher Retirement System of Texas, Peregrine Capital Management LLC, Tortoise Advisors UK Ltd, Bank of America Corp DE, Frontier Capital Management Co. LLC, and Marshall Wace North America L.P.. 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 $7.90.

How big of a company is Covanta?

Covanta has a market capitalization of $1.04 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 9/26/2020 by MarketBeat.com Staff

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