Covia (NASDAQ:CVIA)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a report released on Friday. They presently have a $17.50 price target on the stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 39.78% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and set a $15.00 price target on shares of Covia in a report on Friday. KeyCorp restated a “buy” rating and set a $21.00 price target on shares of Covia in a report on Thursday. Cowen restated a “buy” rating and set a $19.00 price target on shares of Covia in a report on Thursday. Seaport Global Securities restated a “buy” rating on shares of Covia in a report on Friday, June 1st. Finally, Royal Bank of Canada restated a “buy” rating and set a $18.00 price target on shares of Covia in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.25.

CVIA stock opened at $12.52 on Friday. Covia has a 52-week low of $11.75 and a 52-week high of $30.00.

Covia (NASDAQ:CVIA) last released its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.62). The firm had revenue of $508.42 million for the quarter, compared to analyst estimates of $595.59 million. During the same quarter in the prior year, the company earned $0.25 EPS. Covia’s revenue for the quarter was up 56.9% compared to the same quarter last year.

Several hedge funds have recently added to or reduced their stakes in CVIA. Sterling Investment Advisors Ltd. purchased a new position in Covia during the second quarter valued at approximately $111,000. Cubist Systematic Strategies LLC purchased a new position in Covia during the second quarter valued at approximately $117,000. Russell Investments Group Ltd. purchased a new position in Covia during the second quarter valued at approximately $158,000. Strs Ohio purchased a new position in Covia during the second quarter valued at approximately $168,000. Finally, Citadel Advisors LLC purchased a new position in Covia during the second quarter valued at approximately $193,000.

About Covia

There is no company description available for Covia Holdings Corp.

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Analyst Recommendations for Covia (NASDAQ:CVIA)

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