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, 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.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Covanta Holding with a $15.67 average price target.

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Based on Covanta Holding’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $491 million and net profit of $5 million. In comparison, last year the company earned revenue of $465 million and had a net profit of $14 million.

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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.

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