Zacks Rating on Covanta Holding Corporation (CVA)

Covanta Holding Corporation (CVA) : 6 brokerage houses believe that Covanta Holding Corporation (CVA) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Covanta Holding Corporation (CVA). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Covanta Holding Corporation (CVA) : Currently there are 8 street experts covering Covanta Holding Corporation (CVA) stock. The most bullish and bearish price target for the stock is $21 and $16 respectively for the short term. The average price target of all the analysts comes to $18.38. The estimated standard deviation from the target is $1.58.


Shares of Covanta Holding Corporation appreciated by 0.34% during the last five trading days but lost 12.51% on a 4-week basis. Covanta Holding Corporation has dropped 8.47% during the last 3-month period . Year-to-Date the stock performance stands at -1.3%. Covanta Holding Corporation (NYSE:CVA): stock turned positive on Tuesday. Though the stock opened at $14.9, the bulls momentum made the stock top out at $14.97 level for the day. The stock recorded a low of $14.805 and closed the trading day at $14.83, in the green by 0.07%. The total traded volume for the day was 584,610. The stock had closed at $14.82 in the previous days trading.

Covanta Holding Corporation is a holding company. Through its subsidiaries, the Company owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. Energy-from-waste (EfW) serves two markets as both a sustainable waste management solution and as a source of clean energy. The Company operate and/or have ownership positions in 46 EfW facilities, which are primarily located in North America, and 11 additional energy generation facilities, including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total, these assets produce approximately 10 million megawatt hours (MWh) of baseload electricity. The Company also operates a waste management infrastructure, including 18 transfer stations. The Company also operates, and in some cases has ownership interests in, transfer stations and landfills.

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