Oppenheimer analyst Noah Kaye maintained a Buy rating on Covanta Holding (NYSE:CVA) Corp. on Monday, setting a price target of $13, which is approximately 43.17% above the present share price of $9.08.
Kaye expects Covanta Holding Corp. to post earnings per share (EPS) of -$0.10 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Covanta Holding, with an average price target of $11.1.
The analysts price targets range from a high of $13 to a low of $9.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $454 million and a net profit of $18 million. The company's market cap is $1.2 billion.
According to TipRanks.com, Oppenheimer analyst Noah Kaye is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 58.31% success rate.
Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, related waste transport and disposal, and other renewable energy production businesses. It operates large-scale Energy-from-Waste and renewable energy projects. The company was founded on April 16, 1992 and is headquartered in Morristown, NJ.