Barclays (LON:BARC) analyst Moses Sutton maintained a Hold rating on Covanta Holding (NYSE:CVA) Corp. on Monday, setting a price target of $11, which is approximately 11.79% above the present share price of $9.84.
Sutton expects Covanta Holding Corp. to post earnings per share (EPS) of -$0.24 for the third 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 $11.5.
The analysts price targets range from a high of $13 to a low of $10.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $468 million and a net profit of $7 million. The company's market cap is $1.33 billion.
According to TipRanks.com, Barclays analyst Moses Sutton is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.9% and a 62.86% 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.