Covanta Holding Corporation (NYSE:CVA) Insider Trading Update


Covanta Holding Corporation (NYSE:CVA) has a 1 Year Target Estimate of $17.56. The stock traded with the volume of 3.09 Million in the last trading session. Covanta Holding Corporation opened at $14.85 and closed by showing a decrease of -2.02%. The Bid price in the last session was $14.65 x 200 and the Ask price was $17.00 x 200. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

Covanta Holding Corporation has the Market Capitalization of 1.89 Billion. The Stock has its 52-week High of $17.75 and 52-Week Low of $12.48 and it touched its 52-week high on Mar 18, 2016 and 52-Week Low on Jan 20, 2016.

Covanta Holding Corporation reported its last Earnings on Oct 25 AMC where the company reported Actual EPS of $0.18/Share whereas, the Analyst Estimated EPS was $0.14/share. The difference between Actual EPS and Estimated EPS was $0.04/share. This represented an Earnings Surprise of 28.6%. The company will report its next earnings on Feb 14 – Feb 20 (Est.).

9 number of analysts also provided their insight on Covanta Holding Corporation, where the Average Price Target for the stock is $17.56. They also projected Low Price Target as $15 while High Price Target is set at $21.

A number of analysts rated the stock as well: 5 analysts believe that the stock is a STRONG BUY while 1 reported it as Buy.3 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

Covanta Holding Corporation annual Divided is 1 while it’s Dividend Yield is 6.87%. The stock has its Price to Earnings (P/E) ratio of 31.16 and Forward Price to Earnings ratio of 559.62. The company has its Price to Sales (P/S) ratio of 1.13 where Price to Book (P/B) ratio of 3.75, Price to Cash Per share (P/C) of 16.79 and Price to Free Cash Flow (P/FCF) has a value of 0.

The company has its Return on Assets (ROA) of 1.5 Percent. Return on Equity (ROE) stands at 12% and Return on Investment (ROI) displays a value of 5.9%.

The stock is currently trading at Distance from 20-Day simple moving Average of 0.12% whereas, Distance from 50-Day Simple moving average is -1.56 Percent and Distance from 200-Day Simple Moving Average of -5.08 percent.

A look at performance overview of Covanta Holding Corporation depicts that Performance (Week) is -2.35 percent while Performance Month is 0.69%. Quarterly performance shows a value of 0.02% and Half Year Performance value stands at -9.96%. Yearly performance of the stock has the value of -4.08 percent. Covanta Holding Corporation has its YTD performance of -1.55 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Insider Trades:

Many Insiders have done trades inside the company. The latest trade was made on 13 Nov 2016 where Director Silberman (Robert S) did a transaction type “Buy” in which 2000 shares were traded at a price of $14.73. Another insider trade includes Director Broglio (Ronald J) who also initiated a transaction in which 4500 shares were traded on 27 Jul 2016 as “Sell”. On 4 May 2016 Director Smith (Jean) traded 4500 shares as “Buy” at $0. General Counsel Simpson (Timothy J) Sell 3446 shares on 16 Mar 2016 at the price of $17.32.

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Barclays on 7-Nov-16 who Upgrade the stock from Equal Weight to Overweight. Other firms have also Upgraded/Downgraded the stock. On 26-Aug-16, Macquarie took an action “Initiated”  to Neutral. On 29-Apr-16, the stock was Downgrade to Neutral by Robert W. Baird.