Covanta Holding (CVA) Receives a Hold from Raymond James
In a report released today, Patrick Brown from Raymond James reiterated a Hold rating on Covanta Holding (CVA). The company’s shares closed last Friday at $14.28.
According to TipRanks.com, Brown is a 5-star analyst with an average return of 19.4% and a 76.6% success rate. Brown covers the Industrial Goods sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and GFL Environmental.
Covanta Holding has an analyst consensus of Strong Buy, with a price target consensus of $15.67.
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Covanta Holding’s market cap is currently $1.88B and has a P/E ratio of -68.60. The company has a Price to Book ratio of -7.31.
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Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, related waste transport and 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.