In a report released yesterday, Moses Sutton from Barclays maintained a Hold rating on Covanta Holding (CVA), with a price target of $17. The company’s shares closed on Friday at $16.51.
Covanta Holding has an analyst consensus of Strong Buy, with a price target consensus of $17.60.
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Based on Covanta Holding’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $500 million and net profit of $9 million. In comparison, last year the company earned revenue of $495 million and had a net profit of $131 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.
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Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, and related waste transport and disposal and other renewable energy production businesses. It operates large-scale Energy-from-Waste and renewable energy projects.
