Covanta Holding Corporation [CVA] Revenue clocked in at $1.93 billion, up 34.35% YTD: What’s Next?

Covanta Holding Corporation [NYSE: CVA] stock went on an upward path that rose over 18.71% on Wednesday, amounting to a one-week price increase of more than 17.76%. The company report on May 14, 2021 that Covanta Declares Regular Quarterly Cash Dividend.

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Dividend Payment Set at $0.08 per Share.

Covanta Holding Corporation (NYSE: CVA) (“Covanta”) announced that the Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on July 2, 2021 to stockholders of record as of the close of business on June 24, 2021.

Over the last 12 months, CVA stock rose by 68.80%. The one-year Covanta Holding Corporation stock forecast points to a potential downside of -2.74. The average equity rating for CVA stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.37 billion, with 132.00 million shares outstanding and 131.30 million shares in the current float. Compared to the average trading volume of 770.58K shares, CVA stock reached a trading volume of 4347432 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Covanta Holding Corporation [CVA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVA shares is $17.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Covanta Holding Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 02, 2020. While these analysts kept the previous recommendation, Stifel dropped their target price from $9.50 to $11.50. The new note on the price target was released on August 03, 2020, representing the official price target for Covanta Holding Corporation stock. Previously, the target price had yet another drop from $14 to $13, while UBS kept a Buy rating on CVA stock. On May 11, 2020, analysts increased their price target for CVA shares from 6.50 to 9.50.

The Average True Range (ATR) for Covanta Holding Corporation is set at 0.49, with the Price to Sales ratio for CVA stock in the period of the last 12 months amounting to 1.23. The Price to Book ratio for the last quarter was 8.02, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for CVA in the course of the last twelve months was 139.37 with Quick ratio for the last quarter at 1.10.

CVA Stock Performance Analysis:

Covanta Holding Corporation [CVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.76. With this latest performance, CVA shares gained by 16.67% in over the last four-week period, additionally plugging by 36.01% over the last 6 months – not to mention a rise of 68.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CVA stock in for the last two-week period is set at 80.92, with the RSI for the last a single of trading hit 86.69, and the three-weeks RSI is set at 75.88 for Covanta Holding Corporation [CVA]. The present Moving Average for the last 50 days of trading for this stock 14.48, while it was recorded at 15.44 for the last single week of trading, and 12.46 for the last 200 days.

Insight into Covanta Holding Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Covanta Holding Corporation [CVA] shares currently have an operating margin of +5.04 and a Gross Margin at +11.03. Covanta Holding Corporation’s Net Margin is presently recorded at -1.47.

Return on Total Capital for CVA is now 3.29, given the latest momentum, and Return on Invested Capital for the company is -0.97. Return on Equity for this stock declined to -8.16, with Return on Assets sitting at -0.74. When it comes to the capital structure of this company, Covanta Holding Corporation [CVA] has a Total Debt to Total Equity ratio set at 834.84. Additionally, CVA Total Debt to Total Capital is recorded at 89.30, with Total Debt to Total Assets ending up at 66.67. Long-Term Debt to Equity for the company is recorded at 824.19, with the Long-Term Debt to Total Capital now at 88.16.

Reflecting on the efficiency of the workforce at the company, Covanta Holding Corporation [CVA] managed to generate an average of -$7,000 per employee. Receivables Turnover for the company is 6.95 with a Total Asset Turnover recorded at a value of 0.50.Covanta Holding Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.


With the latest financial reports released by the company, Covanta Holding Corporation posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Covanta Holding Corporation go to 15.00%.

Covanta Holding Corporation [CVA] Insider Position Details

There are presently around $1,987 million, or 87.30% of CVA stock, in the hands of institutional investors. The top three institutional holders of CVA stocks are: CHAI TRUST CO LLC with ownership of 12,949,182, which is approximately 0% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 11,359,745 shares of the stock with an approximate value of $200.39 million in CVA stocks shares; and BLACKROCK INC., currently with $154.61 million in CVA stock with ownership of nearly 5.188% of the company’s market capitalization.

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Positions in Covanta Holding Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 112 institutional holders increased their position in Covanta Holding Corporation [NYSE:CVA] by around 14,619,390 shares. Additionally, 100 investors decreased positions by around 7,759,914 shares, while 34 investors held positions by with 90,288,976 shares. The mentioned changes placed institutional holdings at 112,668,280 shares, according to the latest SEC report filing. CVA stock had 42 new institutional investments in for a total of 1,459,296 shares, while 26 institutional investors sold positions of 1,716,667 shares during the same period.

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