Covia Holdings (CVIA) Receives Average Recommendation of “Buy” from Analysts

Share on StockTwits

Covia Holdings (NASDAQ:CVIA) has earned a consensus broker rating score of 1.80 (Buy) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.

Brokerages have set a one year consensus target price of $28.25 for the company and are forecasting that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also assigned Covia an industry rank of 115 out of 255 based on the ratings given to its competitors.

CVIA has been the topic of several recent research reports. Seaport Global Securities reissued a “buy” rating on shares of Covia in a research report on Friday, June 1st. Credit Suisse Group initiated coverage on Covia in a research report on Friday, June 8th. They set a “neutral” rating and a $24.00 price target on the stock. Piper Jaffray Companies initiated coverage on Covia in a research report on Monday, June 18th. They set an “overweight” rating and a $24.00 price target on the stock. Finally, Guggenheim reissued a “neutral” rating on shares of Covia in a research report on Friday, July 6th.

A number of hedge funds have recently bought and sold shares of CVIA. American Securities LLC purchased a new stake in Covia during the 2nd quarter worth approximately $167,701,000. Hartland & Co. LLC purchased a new stake in Covia during the 2nd quarter worth approximately $54,407,000. BlackRock Inc. purchased a new stake in Covia during the 2nd quarter worth approximately $39,270,000. Bank of New York Mellon Corp purchased a new stake in Covia during the 2nd quarter worth approximately $34,098,000. Finally, Perella Weinberg Partners Capital Management LP purchased a new stake in Covia during the 2nd quarter worth approximately $4,621,000.

Covia stock traded up $0.25 during midday trading on Friday, hitting $16.95. 676,135 shares of the company were exchanged, compared to its average volume of 347,808. Covia has a fifty-two week low of $15.47 and a fifty-two week high of $30.00.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

Read More: Stock Symbol

Get a free copy of the Zacks research report on Covia (CVIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Covia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply