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Covanta Holding Corporation (CVA)

NYSE - NYSE Delayed Price. Currency in USD
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14.40+0.20 (+1.41%)
At close: 4:00PM EST
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  • R
    R
    Loop Industries, Inc.
    $LOOP Gabelli Funds, LLC, will host the 7th Annual Waste Environmental Services Symposium on March 18, 2021. This timely conference will feature presentations by senior management of several leading companies, with an emphasis on industry dynamics, new technologies $SMED $WM $WCN $CCK $CWST $RSG $DAR $REGI $CVA $ECOL $PYR $LOOP $PHE $BHTG
  • j
    jonathan
    Covanta : UBS Adjusts Covanta's Price Target to $17 From $13 on Valuation, Reiterates Buy Rating
    02/02/2021 | 09:28am EST
  • j
    jonathan
    Covanta : Barclays Adjusts Covanta Holding PT to $16 From $12, Maintains Overweight Rating
    01/29/2021 | 10:10am EST

    Lots of upgrades lately!
  • b
    brian
    Sleeper
    Bullish
  • m
    mmxliv652
    Does anyone know the backstory on what happened with the previous CEO Stephen Jones?
  • J
    Jonathan
    Covanta seems to have signed a contract for an ash processing facility in Hawaii .. I think this is their first commercial rollout and means the technology is good to go. Should be lots of demand for this solution. It's a win win for everybody. Glad to see this.
  • H
    Hillsdale89
    From Raymond James:

    HMS pricing pops; encouraging read on CVA: Given a relatively strong correlation
    to industrial economic activity that remains well below pre-pandemic levels, we were
    surprised to see a notable 17% sequential jump in the most recent HMS print that stands
    12% above the year-ago level. Assuming current prices hold through 2020, based on our
    rough math, HMS would come in at the high end of CVA's $200-225/ton guide and represent
    a ~$5 million positive delta to our current 2020 EBITDA estimate of $400 million. While not a
    significant needle mover, it's a positive sign for a commodity (unable to hedge) that's been
    impacted by the drop-off in the industrial backdrop over the last six months
  • J
    JeffreyT
    There it is. Dividend cut, but not eliminated. I think it's a positive. Clearly unsustainable. Market may disagree.
  • T
    Todd
    Next earnings report will be good. Since cutting divi by two thirds, they will add that to their balance sheet. And their ops have had little impact by Covid-19, except for less municipal waste, but will pick up quickly. Also, medical waste is big too, three plant currently handle. Recycling is down, waste recovery not really worth it - aluminum is down as are all other metals. But that too will change as economy gets going. So, yea, pick up in $8 range is a great deal and Sam Zell will make this happen.
  • B
    Buzz
    Always love it when analysts downgrade AFTER a huge dividend cut and 18% drop in value. That's why they "earn" the big bucks.
  • B
    Ben
    Anyone know why the stock is falling again after an upbeat earnings report?
  • L
    Louis
    What's Driving CVA's 51% Drop in 30 days?

    On 2/21/20 Covanta was at $15.84, today it closed at $7.69 or down ~51%. During this same time the market dropped from 28,992 to 18,591 or ~35.9%. The impact of COVID19 is crystal clear but while industrial waste revenue will drop off, in the short term municipal waste revenues should significantly increase due to hospital waste and people being sequestered at home. So what am I missing with this stock? The yield and recent positive performance combined with a solid revenue based given long term Municipal Solid Waste (MSW) contracts doesn't make sense.....
    Neutral
  • B
    BaBa
    "Zacks Consensus Estimate" is on every stock I own. When they say sell, BUY and when they say buy, SELL.
    Their estimates are a real farce. Does anyone else feel that way.?
  • a
    american citizen
    I listened to the call yesterday and was satisfied with the plan. They are prepared and acting in prudent fashion. I think nothing wrong with fundamentals, just the current environment and lack of visibility through 2020 or until medical breakthroughs get us back to normal. They have "battened down the hatches" and are preparing for the storm. It shall pass.
    Bullish
  • R
    Ronald
    I bought for the 1st time at 17 a few days ago. It went quickly to 14. I was planning to invest more, but now my attitude is "wait and see."
  • S
    STARWOOD
    Wonder why someone doesn't buy them may be like Waste Management?
  • R
    Reggie
    Don’t be emotional heard mentality traders.. Collect your yield and if you’re scared, when your position is up 10 or 15% then sell..
    RayJay just downgraded..
    Money well spent on that analysis.. LOL... I wonder what the “wizard” at RayJay that just downgraded CVA and scared widows and orphans out of the stock is getting paid.?.?
    Maybe RayJay was creating their own private buying opportunity.. I’ve seen it all....
  • S
    Sheila
    You are not correct the dividend was covered. The forecast for future dividends will be released in February 2020.
    Bullish
  • S
    Shayne
    I'm in the industry. For those interested. This should be a ressesion proof stock. fundamentals are great. my guess is the drop is a result of the general market sell off. my matrix of fundamentals says this is. 17-20 dollar stock.
  • H
    Hillsdale89
    RJ raised the price target to $20 and reiterated a Strong Buy.