In a report released today, Patrick Brown from Raymond James maintained a Buy rating on Covanta Holding (NYSE: CVA), with a price target of $17. The company’s shares opened today at $14.40, close to its 52-week low of $14.15.
According to TipRanks.com, Brown is a top 100 analyst with an average return of 16.2% and a 72.6% success rate. Brown covers the Services sector, focusing on stocks such as Kansas City Southern, Genesee & Wyoming, and XPO Logistics.
Currently, the analyst consensus on Covanta Holding is a Strong Buy with an average price target of $18.75, representing a 30.2% upside. In a report issued on October 26, Oppenheimer 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 $18.05 and a one-year low of $14.15. Currently, Covanta Holding has an average volume of 655.1K.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative 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.
