Headlines about Covanta (NYSE:CVA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Covanta earned a news impact score of 0.05 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 46.9618919848543 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Technical Indicators in Focus – Covanta Holding Corporation (NYSE: CVA) – Stocks Pen (stockspen.com)
- Covanta Holding Corporation, (NYSE: CVA) – Hot Stock Analysis – Stock Watch (stocksnewstimes.com)
- Analysts Expect Covanta Holding Corp (CVA) Will Post Quarterly Sales of $439.37 Million (americanbankingnews.com)
- Covanta Holding Corp (CVA) Expected to Post Earnings of -$0.20 Per Share (americanbankingnews.com)
- Covanta (CVA) Upgraded at Zacks Investment Research (americanbankingnews.com)
Shares of Covanta (NYSE:CVA) remained flat at $$15.35 on Wednesday. The company had a trading volume of 151,917 shares, compared to its average volume of 916,811. The firm has a market capitalization of $2,010.74, a PE ratio of 35.64, a PEG ratio of 15.16 and a beta of 0.71. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.11 and a current ratio of 1.11. Covanta has a 52-week low of $13.00 and a 52-week high of $17.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Wednesday, March 28th. Covanta’s dividend payout ratio (DPR) is presently 232.56%.
CVA has been the topic of several recent research reports. Oppenheimer reaffirmed a “buy” rating and set a $19.00 price objective on shares of Covanta in a report on Tuesday, December 19th. Zacks Investment Research lowered Covanta from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Goldman Sachs Group upgraded Covanta from a “sell” rating to a “neutral” rating and set a $16.00 price objective for the company in a report on Sunday, January 7th. Finally, ValuEngine downgraded Covanta from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.00.
In other Covanta news, insider Paul E. Stauder sold 3,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $14.90, for a total value of $44,700.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.60% of the company’s stock.
WARNING: This news story was originally posted by BBNS and is owned by of BBNS. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://baseballnewssource.com/2018/03/14/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-covanta-cva-share-price/1972536.html.
Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.
Receive News & Ratings for Covanta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covanta and related companies with MarketBeat.com's FREE daily email newsletter.