Covanta Holding Receives a Buy from Oppenheimer


In a report released today, Noah Kaye from Oppenheimer maintained a Buy rating on Covanta Holding (NYSE: CVA). The company’s shares opened today at $15.95.

According to TipRanks.com, Kaye is a 4-star analyst with an average return of 5.2% and a 51.9% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as BorgWarner, Cummins, and EnerSys.

Currently, the analyst consensus on Covanta Holding is Strong Buy and the average price target is $16.50, representing a 3.4% upside.

In a report issued on April 27, BMO Capital also reiterated a Buy rating on the stock.

See today’s analyst top recommended stocks >>

Covanta Holding’s market cap is currently $2.06B and has a P/E ratio of 6.67. The company has a Price to Book ratio of 3.19.

Based on the recent corporate insider activity of 23 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.

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