BMO Capital analyst Jeffrey Silber reiterated a Buy rating on Covanta Holding (NYSE: CVA) on October 26 and set a price target of $19. The company’s shares closed yesterday at $14.53, close to its 52-week low of $14.15.
According to TipRanks.com, Silber is a top 25 analyst with an average return of 19.5% and a 71.4% success rate. Silber covers the Services sector, focusing on stocks such as AMN Healthcare Services Inc, American Public Education, and Cross Country Healthcare.
Currently, the analyst consensus on Covanta Holding is a Strong Buy with an average price target of $18.50, which is a 27.3% upside from current levels. In a report issued on October 26, Oppenheimer also reiterated a Buy rating on the stock with a $18 price target.
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Covanta Holding’s market cap is currently $1.9B and has a P/E ratio of 7.01. The company has a Price to Book ratio of 3.77.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative 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.
