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


The leading market experts have placed a mean price target of $18.10 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 $0.15 a share for the upcoming quarter and $-0.12 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 $15.34, and stock is trading $-0.22 points away or -1.43% from its 50-day moving average of $15.34. Further it is trading $-0.97 or -6.02% away its 200-day moving average of $16.09. Covanta Holding Corporation (NYSE:CVA) 52-week high is $19.29 and the 52-week low is $12.48.

This explains if the stock moves $-4.17, it will post a 52-week high. In event of +21.15% 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 43.83.

The stock last ended the trading session at $15.12 and registered a market cap of $1.95B. 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 -2.17.

1 Chart Pattern Every Investor Should Know

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