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


The leading market experts have placed a mean price target of $18.32 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 $0.14 a share for the upcoming quarter and $0.07 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 $16.59, and stock is hovering 0.01 or +0.05% distant from $16.59. It is noted that the 200-day MA is $15.81, and Covanta Holding Corporation Com stock is $0.79 or +5.02% off from this point. Covanta Holding Corporation (NYSE:CVA) 52-week high is $20.94 and the 52-week low is $12.48. This explains if the stock moves $-4.34, it will post a 52-week high. In event of $+33.01% 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 32.61. The stock last ended the trading session at $16.60 and registered a market cap of $2.14B. 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 3.49.

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...

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