Stock To Watch: Covanta Holding Corporation (NYSE:CVA)


The leading market experts have placed a mean price target of $18.320 on Covanta Holding Corporation (NYSE:CVA) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.150 a share for the upcoming quarter and $0.070 for the current fiscal. Technical View The technical analysis of Covanta Holding Corporation Com plainly substantiates that the 50-day moving average of Covanta Holding Corporation Com is $16.585, and stock is hovering -0.340 or -2.050% distant from $16.585. It is noted that the 200-day MA is $15.596, and Covanta Holding Corporation Com stock is $0.649 or +4.163% off from this point. Covanta Holding Corporation (NYSE:CVA) 52-week high is $22.660 and the 52-week low is $12.480. This explains if the stock moves $-6.415, it will post a 52-week high. In event of $+30.168% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Covanta Holding Corporation Com, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Covanta Holding Corporation (NYSE:CVA) ratio came in at 31.916. The stock last ended the trading session at $16.245 and registered a market cap of $2.10B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Covanta Holding Corporation (NYSE:CVA) PEG ratio is at 2.950.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 1 times, 1 visits today)