In a report released yesterday, Noah Kaye from Oppenheimer maintained a Buy rating on Covanta Holding (CVA). The company’s shares closed yesterday at $17.25, close to its 52-week high of $18.05.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 8.7% and a 58.8% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Covanta Holding with a $18.42 average price target, a 6.8% upside from current levels. In a report issued on April 24, Raymond James also maintained a Buy rating on the stock with a $19.50 price target.
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Covanta Holding’s market cap is currently $2.26B and has a P/E ratio of 15.13. The company has a Price to Book ratio of 4.64.
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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 & disposal and other renewable energy production businesses. It operates large-scale Energy-from-Waste and renewable energy projects. The company was founded on April 16, 1992 and is headquartered in Morristown, NJ.
