In a report issued on November 15, John Watson from Piper Jaffray reiterated a Hold rating on Covia Holdings Corporation (CVIA), with a price target of $6.50. The company’s shares closed on Friday at $7.06, close to its 52-week low of $4.59.
According to TipRanks.com, Watson is ranked 0 out of 5 stars with an average return of -12.6% and a 31.3% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, US Silica Holdings, and Forum Energy Tech.
The word on The Street in general, suggests a Hold analyst consensus rating for Covia Holdings Corporation with a $8.61 average price target, which is a 22.0% upside from current levels. In a report issued on November 15, RBC Capital also maintained a Hold rating on the stock with a $10 price target.
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Based on Covia Holdings Corporation’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $289 million. In comparison, last year the company had a net profit of $34.94 million.
Based on the recent corporate insider activity of 42 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 CVIA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
