Oppenheimer analyst Noah Kaye assigned a Buy rating to Covanta Holding (CVA) today. The company’s shares opened today at $16.97.
According to TipRanks.com, Kaye is a 4-star analyst with an average return of 6.6% and a 56.8% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
Currently, the analyst consensus on Covanta Holding is a Moderate Buy with an average price target of $18, which is a 6.1% upside from current levels. In a report issued on March 18, BMO Capital also maintained a Buy rating on the stock with a $19 price target.
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The company has a one-year high of $18.05 and a one-year low of $12.92. Currently, Covanta Holding has an average volume of 833.2K.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVA in relation to earlier this year.
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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.
