News headlines about Covanta Holding Corporation (NYSE:CVA) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Covanta Holding Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 45.8378605349524 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- IHS Markit Score Update: Rise in demand for ETFs holding Covanta Holding Corp is a positive for its shares (finance.yahoo.com)
- Covanta Holding (CVA) Passes Through 7% Yield Mark (nasdaq.com)
- Investor Update: Company Share Focus for Covanta Holding Corporation (NYSE:CVA) – Jonesboro Recorder (jonesbororecorder.com)
- Covanta Holding Corporation (NYSE:CVA) Insider Paul E. Stauder Sells 1,500 Shares (americanbankingnews.com)
- Covanta Holding Corporation (NYSE:CVA) Stock Closed Much Higher Than Its 50 Day Average – Modern Readers (modernreaders.com)
CVA has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Covanta Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. BidaskClub cut shares of Covanta Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. BMO Capital Markets began coverage on shares of Covanta Holding Corporation in a report on Thursday, June 29th. They issued a “market perform” rating and a $16.00 target price on the stock. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Covanta Holding Corporation in a report on Monday, July 17th. Finally, Robert W. Baird raised Covanta Holding Corporation from a “neutral” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, May 15th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.28.
Covanta Holding Corporation (NYSE CVA) traded down 2.12% during midday trading on Friday, hitting $13.85. The stock had a trading volume of 1,188,443 shares. Covanta Holding Corporation has a 52 week low of $13.00 and a 52 week high of $16.50. The stock’s 50 day moving average price is $13.79 and its 200-day moving average price is $14.77. The company’s market cap is $1.80 billion.
Covanta Holding Corporation (NYSE:CVA) last announced its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. Covanta Holding Corporation had a negative net margin of 1.41% and a negative return on equity of 9.81%. The business had revenue of $424 million during the quarter, compared to analyst estimates of $416.18 million. During the same quarter in the prior year, the company earned ($0.22) earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Covanta Holding Corporation will post ($0.23) earnings per share for the current year.
In related news, insider Paul E. Stauder sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $14.50, for a total value of $36,250.00. Following the transaction, the insider now directly owns 30,639 shares in the company, valued at $444,265.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.60% of the company’s stock.
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About Covanta Holding Corporation
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.
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