|Bid||16.40 x 800|
|Ask||17.51 x 800|
|Day's Range||16.86 - 17.66|
|52 Week Range||7.44 - 17.76|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||464.47|
|Forward Dividend & Yield||0.32 (1.83%)|
|Ex-Dividend Date||Jun 23, 2021|
|1y Target Est||N/A|
The stock market, as measured by the S&P 500 Index (SPX) continues to struggle mightily with resistance at the all-time highs — roughly 4238. SPX has had a daily high very near that level for four days in a row, and for seven times in the last month. Internal indicators are improving, but unless the most important indicator — price — can confirm, we are not aggressively buying.
Covanta (CVA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Shares of New Jersey-based waste management company Covanta Holding (NYSE: CVA) are up 10.4% as of 11 a.m. EDT on rumors of a reported buyout. As TheFly.com reported this morning, the Dealreporter.com website is citing "four sources familiar with the situation" that say Covanta has retained Bank of America to advise it on a potential sale. A "handful of financial buyers, including infrastructure funds," are reportedly considering buying Covanta, says Dealreporter, and the bidding is already in "the middle of the second round."