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Covanta downgraded to Market Perform from Outperform at BMO Capital » 05:42
04/07/20
04/07
05:42
04/07/20
05:42
CVA

Covanta

$7.64 /

+0.555 (+7.83%)

BMO Capital analyst…

BMO Capital analyst Jeffrey Silber downgraded Covanta Holding to Market Perform from Outperform with a price target of $8, down from $18. While the company's core business could see some minimally negative impact from the COVID-19 virus, commodity-related pressures, in particular lower metals pricing, will likely be greater, Silber tells investors in a research note. Further, companies with large debt burdens ,such as Covanta, may struggle to attract interest in its stock in the current environment, adds the analyst.

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Over a week ago
Downgrade
Covanta downgraded to Neutral from Buy at Goldman Sachs » 16:41
04/02/20
04/02
16:41
04/02/20
16:41
CVA

Covanta

$8.39 /

+0.05 (+0.60%)

Goldman Sachs analyst…

Goldman Sachs analyst Brian Lee downgraded Covanta to Neutral from Buy with a price target of $10, down from $17. The company is currently better positioned than it was during the 2008-09 recession since about 75% of its business is tied to the more stable Waste segment, the analyst tells investors. However, Lee also sees a difficult setup for the stock given Covanta's high debt leverage at about 6-times and a lack of significant growth catalysts until 2022-23.

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Over a month ago
Hot Stocks
Fly Intel: After Hours Movers » 19:03
02/20/20
02/20
19:03
02/20/20
19:03
EHTH

eHealth

$129.11 /

-2.99 (-2.26%)

, AERI

Aerie Pharmaceuticals

$19.95 /

+0.49 (+2.52%)

, ZIXI

Zix

$8.00 /

+0.28 (+3.63%)

, BAND

Bandwidth

$76.20 /

+0.18 (+0.24%)

, DBX

Dropbox

$18.70 /

+0.39 (+2.13%)

, NCMI

National CineMedia

$7.99 /

+0.045 (+0.57%)

, TXRH

Texas Roadhouse

$66.37 /

+1.37 (+2.11%)

, SFM

Sprouts Farmers Market

$16.05 /

+0.185 (+1.17%)

, GLOB

Globant

$125.75 /

-3.45 (-2.67%)

, SSRM

SSR Mining

$18.66 /

-0.09 (-0.48%)

, PRA

ProAssurance

$32.34 /

-0.405 (-1.24%)

, CATM

Cardtronics

$42.09 /

-0.57 (-1.34%)

, SBAC

SBA Communications

$291.98 /

+2.16 (+0.75%)

, FND

Floor & Decor

$54.87 /

+1.37 (+2.56%)

, BXRX

Baudax Bio

$7.95 /

+0.1 (+1.27%)

, S

Sprint

$9.52 /

+0.02 (+0.21%)

, TRUE

TrueCar

$3.94 /

+0.14 (+3.68%)

, FSLR

First Solar

$59.31 /

+1.98 (+3.45%)

, LTHM

Livent

$11.87 /

+0.44 (+3.85%)

, ZS

Zscaler

$65.23 /

-0.01 (-0.02%)

, APPN

Appian

$62.55 /

+0.35 (+0.56%)

, CNDT

Conduent

$4.97 /

+0.24 (+5.07%)

, BOOM

DMC Global

$39.30 /

-0.005 (-0.01%)

, PBYI

Puma Biotechnology

$13.91 /

-0.05 (-0.36%)

, BLDR

Builders FirstSource

$28.17 /

+0.17 (+0.61%)

, FSLY

Fastly

$24.59 /

+0.375 (+1.55%)

, BYD

Boyd Gaming

$34.74 /

+0.635 (+1.86%)

, ENV

Envestnet

$86.40 /

+0.2 (+0.23%)

, CUBE

CubeSmart

$31.63 /

+0.22 (+0.70%)

, BJRI

BJ's Restaurants

$43.68 /

+0.59 (+1.37%)

, ROG

Rogers Corporation

$110.25 /

-1.15 (-1.03%)

, COG

Cabot Oil & Gas

$15.34 /

-0.26 (-1.67%)

, OLED

Universal Display

$178.64 /

-0.22 (-0.12%)

, OEC

Orion Engineered

$17.05 /

+0.555 (+3.36%)

, NBR

Nabors Industries

$2.34 /

+0.075 (+3.32%)

, CVA

Covanta

$15.63 /

+0.01 (+0.06%)

, VICI

VICI Properties

$28.12 /

+0.655 (+2.38%)

, ASPN

Aspen Aerogels

$10.60 /

+0.48 (+4.74%)

, FIT

Fitbit

$6.46 /

-0.01 (-0.15%)

UP AFTER EARNINGS:…

UP AFTER EARNINGS: eHealth (EHTH) up 17.7%... Aeri Pharma (AERI) up 15.1%... Zix Corp (ZIXI) up 11.9%... Bandwidth (BAND) up 11.7%... Drobox (DBX) up 10.9%... National CineMedia (NCMI) up 8.0%... Texas Roadhouse (TXRH) up 7.2%... Sprouts Farmers (SFM) up 6.1%... Globant (GLOB) up 5.1%... SSR Mining (SSRM) up 4.4%... Pro Assurance (PRA) up 3.2%... Cardtronics (CATM) up 2.4%... SBA Communications (SBAC) up 1.9%... Floor&Decor (FND) up 1.4%. ALSO HIGHER: Baudax Bio (BXRX) up 21.5% after FDA approval of Anjeso for pain management... Sprint (S) up 5.2% after modifying T-Mobile combination closing as early as Apr. 1st. DOWN AFTER EARNINGS: TrueCar (TRUE) down 23.5%... First Solar (FSLR) down 13.7%... Livent Corp (LTHM) down 13.2%... Zscaler (ZS) down 12.3%... Appian Corp (APPN) down 10.6%... Conduent (CNDT) down 9.7%... DMC Global (BOOM) down 9.7%... Puma Biotechnology (PBYI) down 8.1%... Builders FirstSource (BLDR) down 7.7%... Fastly (FSLY) down 5.7%... Boyd Gaming (BYD) down 5.0%... Envestnet (ENV) down 4.3%... CubeSmart (CUBE) down 4.1%... BJ's Restaurants (BJRI) down 3.9%... Rogers Corp (ROG) down 3.9%... Cabot Oil (COG) down 3.8%... Universal Displays (OLED) down 2.9%... Orion Engineered Carbons (OEC) down 2.6%... Nabors (NBR) down 2.6%... Covanta Holding (CVA) down 2.4%... Vici Properties (VICI) down 1.9%... Aspen Aerogels (ASPN) down 1.6%... Fitbit (FIT) down 1.2%. Movers as of 18:30ET.

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Hot Stocks
Covanta sees 2020 adjusted EBITDA $415M-$445M  16:32
02/20/20
02/20
16:32
02/20/20
16:32
CVA

Covanta

$15.63 /

+0.01 (+0.06%)

 
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Earnings
Covanta reports Q4 EPS 9c, consensus 7c » 16:31
02/20/20
02/20
16:31
02/20/20
16:31
CVA

Covanta

$15.63 /

+0.01 (+0.06%)

Reports Q4 revenue $485M,…

Reports Q4 revenue $485M, consensus $480.68M.

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Over a quarter ago
Recommendations
Covanta should respond positively to China EfW facility deal, says BMO Capital » 08:28
12/12/19
12/12
08:28
12/12/19
08:28
CVA

Covanta

$14.83 /

+0.075 (+0.51%)

BMO Capital analyst…

BMO Capital analyst Jeffrey Silber keeps his $18 price target and Outperform rating on Covanta after the company announced a deal to build a new energy-from-waste facility in Zhao County, China. The analyst contends that the project represents a "strategic base for a significant market opportunity" for the company and expects the stock to respond positively.

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Hot Stocks
Covanta to build new energy-from-waste facility in Zhao County, China » 16:22
12/11/19
12/11
16:22
12/11/19
16:22
CVA

Covanta

$14.83 /

+0.075 (+0.51%)

Covanta has signed a…

Covanta has signed a concession agreement with Zhao County, China for the construction and operation of a new Energy-from-Waste facility. The facility will provide a sustainable waste solution to the county and nearby jurisdictions. The project is being developed jointly by Covanta and a strategic local partner. China's EfW capacity targets are supported by a preferential tariff on the purchase of electricity from EfW facilities and other beneficial regulations that prioritize development of EfW infrastructure. In light of these policies, over 200 new EfW facilities are expected to be built between 2020 and 2030. A 30-year concession agreement guarantees waste supply under a build-own-operate-transfer structure. Facility construction is to be project financed, with total capital cost of approximately $100M. Covanta will be a project equity partner and will provide construction oversight services. Construction is expected to begin in early 2020 with completion in less than two years.

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Initiation
Jefferies initiates Environmental Services sector » 19:07
11/21/19
11/21
19:07
11/21/19
19:07
WM

Waste Management

$111.23 /

-1.305 (-1.16%)

, RSG

Republic Services

$86.78 /

-0.91 (-1.04%)

, WCN

Waste Connections

$89.54 /

-0.28 (-0.31%)

, CLH

Clean Harbors

$84.70 /

-0.75 (-0.88%)

, SRCL

Stericycle

$62.49 /

+0.76 (+1.23%)

, CWST

Casella Waste

$43.70 /

-0.39 (-0.88%)

, CVA

Covanta

$14.43 /

-0.14 (-0.96%)

Jefferies analyst Hamzah…

Jefferies analyst Hamzah Mazari initiated select names across the Environmental Services sector as part of his broader research note covering the Business Services industry. The analyst has a Buy rating on Republic Services (RSG), Waste Connections (WCN), and Casella Waste (CWST) with respective $100, $106, and $52 price targets. Mazari notes that the higher landfill pricing stands to benefit Republic Services given its growth-positioned asset base and also believes that the strong portfolio mix support Waste Connections and Casella Waste. The analyst rates Clean Harbors (CLH) with Underperform and a price target of $75 with concerns that its current mix benefits of growth in 70% of its revenue base look unsustainable. Mazari rates Stericycle (SRCL), Waste Management (WM), and Covanta (CVA) at Hold with $68, $120, and $16 price targets and respective views of volume growth being priced in to valuation, limited visibility on medical waste portfolio rationalization, and uncertainty around pricing recovery in power/metals.

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Initiation
Covanta initiated with a Hold at Jefferies » 17:40
11/21/19
11/21
17:40
11/21/19
17:40
CVA

Covanta

$14.43 /

-0.14 (-0.96%)

Jefferies analyst Hamzah…

Jefferies analyst Hamzah Mazari initiated coverage of Covanta with a Hold rating and $16 price target.

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Conference/Events
Three Part Advisors to hold a conference » 04:55
11/21/19
11/21
04:55
11/21/19
04:55
ZIXI

Zix

$7.31 /

+ (+0.00%)

, MCX

MC Shipping

$24.75 /

+ (+0.00%)

, VOLT

Volt Information Sciences

$2.86 /

+0.13 (+4.76%)

, CVA

Covanta

$14.57 /

-0.075 (-0.51%)

, PCTI

PCTEL

$8.70 /

-0.17 (-1.92%)

, IVAC

Intevac

$5.85 /

-0.15 (-2.50%)

, RUBI

Rubicon Project

$7.67 /

-0.105 (-1.35%)

, CHRA

Charah Solutions

$2.43 /

+0.11 (+4.74%)

, TLRA

Telaria

$8.12 /

+0.46 (+6.01%)

, GHM

Graham

$22.05 /

-0.545 (-2.41%)

, HY

Hyster-Yale Materials

$58.47 /

-0.64 (-1.08%)

, SDPI

Superior Drilling

$0.91 /

+0.028 (+3.17%)

, TPB

Turning Point Brands

$25.91 /

+0.34 (+1.33%)

, KLIC

Kulicke & Soffa

$22.92 /

-0.27 (-1.16%)

, SMTX

SMTC Corp.

$3.21 /

+0.36 (+12.63%)

Southwest Ideas…

Southwest Ideas Conference will be held in Dallas on November 20-21.

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