BMO Capital Reiterates Their Buy Rating on Covanta Holding (CVA)

By Carrie Williams

In a report released yesterday, Jeffrey Silber from BMO Capital reiterated a Buy rating on Covanta Holding (CVAResearch Report), with a price target of $18. The company’s shares closed yesterday at $14.36.

According to, Silber is a top 100 analyst with an average return of 18.0% and a 68.8% success rate. Silber covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, AMN Healthcare Services Inc, and American Public Education.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Covanta Holding with a $18.67 average price target, representing a 30.0% upside. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock.


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Covanta Holding’s market cap is currently $1.88B and has a P/E ratio of 6.93. The company has a Price to Book ratio of 3.73.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is neutral on the stock.

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Covanta Holding Corp. engages in the operation and ownership of infrastructure for the conversion of waste to energy, and related waste transport and disposal and other renewable energy production businesses. It operates large-scale Energy-from-Waste and renewable energy projects.