Covanta Stock Buy Hold or Sell Recommendation


USD 20.26  0.03  0.15%   

Considering the 90-day investment horizon and your highly speculative risk level, our recommendation regarding Covanta Holding Corp is 'Not Rated'. Macroaxis provides Covanta Holding buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CVA positions. The advice algorithm takes into account all of Covanta Holding's available fundamental, technical, and predictive indicators you will find on this site.
The advice is provided from Covanta Holding's buy-and-hold perspective. Continue to Trending Equities.We conduct extensive research on individual companies such as Covanta and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Covanta Holding Corp.

Execute Covanta Holding Buy or Sell Advice

The Covanta recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Covanta Holding Corp. Macroaxis does not own or have any residual interests in Covanta Holding Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Covanta Holding's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Covanta HoldingBuy Covanta Holding
Not Rated
For the selected time horizon Covanta Holding Corp has a Risk Adjusted Performance of 0.1865, Jensen Alpha of 0.0151, Total Risk Alpha of 0.0099, Sortino Ratio of (0.44) and Treynor Ratio of 1.62
Our investment recommendation module complements current analysts and expert consensus on Covanta Holding. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure Covanta Holding is not overpriced, please confirm all Covanta Holding Corp fundamentals, including its price to sales, cash per share, earnings per share, as well as the relationship between the ebitda and book value per share . Given that Covanta Holding Corp has a price to earning of 532.37 X, we suggest you to validate Covanta Holding Corp market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Covanta Holding Trading Alerts and Improvement Suggestions

Covanta Holding Corp is not currently marked as verified by its exchange. Report It!

Covanta Holding current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Covanta analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Covanta analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price20.17
Target Median Price20.25
Target High Price20.25
Recommendation Mean3.00
Number Of Analyst Opinions3
Target Low Price20.00
Average Consensus Hold
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Covanta Holding Returns Distribution Density

The distribution of Covanta Holding's historical returns is an attempt to chart the uncertainty of Covanta Holding's future price movements. The chart of the probability distribution of Covanta Holding stock daily returns describes the distribution of returns around its average expected value. We use Covanta Holding Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Covanta Holding returns is essential to provide solid investment advice for Covanta Holding.
Mean Return0.0257Value At Risk-0.15
Potential Upside0.30Standard Deviation0.13
   Return Density   
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Covanta Holding historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Covanta Holding Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(277 M)(206 M)(158 M)(162 M)(145.8 M)(157.31 M)
Depreciation Amortization and Accretion215 M218 M221 M224 M257.6 M255.58 M
Net Cash Flow Business Acquisitions and Disposals(16 M)(66 M)(12 M)(15 M)(17.25 M)(18.61 M)
Issuance Repayment of Debt Securities89 M342 M(50 M)19 M21.85 M34.03 M
Net Cash Flow from Financing40 M(189 M)(122 M)(71 M)(81.65 M)(88.1 M)
Net Cash Flow from Investing(289 M)(139 M)(145 M)(176 M)(158.4 M)(170.91 M)
Net Cash Flow from Operations264 M242 M238 M226 M228.6 M245.44 M
   Disposition of 34863 shares by Thomas Kenyon of Covanta Holding subject to Rule 16b-3 [view details]

About Covanta Holding Buy or Sell Advice

When is the right time to buy or sell Covanta Holding Corp? Buying financial instruments such as Covanta Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables262 M286 M257.4 M263.27 M
Inventories20 M23 M20.7 M19.6 M

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When running Covanta Holding Corp price analysis, check to measure Covanta Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covanta Holding is operating at the current time. Most of Covanta Holding's value examination focuses on studying past and present price action to predict the probability of Covanta Holding's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Covanta Holding's price. Additionally, you may evaluate how the addition of Covanta Holding to your portfolios can decrease your overall portfolio volatility.
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