In a report issued on August 16, John Watson from Piper Jaffray reiterated a Buy rating on Covia Holdings Corporation (NYSE: CVIA), with a price target of $17.50. The company’s shares closed yesterday at $12.52, close to its 52-week low of $11.75.
According to TipRanks.com, Watson is a 3-star analyst with an average return of 11.7% and a 50.0% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Tetra Technologies, and US Silica Holdings.
Covia Holdings Corporation has an analyst consensus of Strong Buy, with a price target consensus of $21.75, implying a 73.7% upside from current levels. In a report issued on August 15, RBC Capital also reiterated a Buy rating on the stock with a $18 price target.
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The company has a one-year high of $30 and a one-year low of $11.75. Currently, Covia Holdings Corporation has an average volume of 399K.
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Covia Holdings Corp. engages in the provision of minerals and material solutions. It offers sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems and coated materials, delivered through its comprehensive distribution network. The company was founded on June 1, 2018 and is headquartered in Chesterland, OH.
