News headlines about Covanta (NYSE:CVA) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Covanta earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 46.4420683682781 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities analysts have issued reports on CVA shares. BidaskClub cut Covanta from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $17.00 target price on shares of Covanta in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 target price on shares of Covanta in a report on Tuesday, September 5th. Zacks Investment Research raised Covanta from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, BMO Capital Markets increased their price target on Covanta from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.69.

Shares of Covanta (CVA) opened at $14.85 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.39. Covanta has a one year low of $13.00 and a one year high of $16.50.

Covanta (NYSE:CVA) last issued its quarterly earnings results on Thursday, October 26th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The company had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $421.87 million. Covanta had a negative return on equity of 12.66% and a negative net margin of 3.68%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. research analysts predict that Covanta will post -0.26 EPS for the current fiscal year.

In other news, Director John Vincent Hickey sold 90,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $0.29, for a total value of $26,100.00. Corporate insiders own 11.60% of the company’s stock.

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Covanta Company Profile

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.

Insider Buying and Selling by Quarter for Covanta (NYSE:CVA)

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