Covanta Stock Today

Covanta Holding Corp is currently unavailable and cannot be used in your analysis. The information on this page reflects the last day Covanta Holding was actively traded.
Valuation Profit Patterns
Check how we calculate scores

Covanta Holding Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Covanta Holding's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Covanta Holding or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Covanta Holding Corp is not currently marked as verified by its exchange. Report It!
CEOAnthony Orlando
Thematic Ideas
(view all).
Average Analyst Recommendation
Analysts covering Covanta Holding report their recommendations after researching Covanta Holding's financial statements, talking to executives and customers, or listening in on Covanta Holding's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Covanta Holding Corp. The Covanta consensus assessment is calculated by taking the average forecast from all of the analysts covering Covanta Holding.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Covanta Holding Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Covanta Holding Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted119.1 M118.8 M
Slightly Up
Decreasing
Slightly volatile
Weighted Average Shares118.8 M118.8 M
Slightly Down
Decreasing
Slightly volatile
Return on Average Assets(0.0074)(0.0072)
Fairly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations245.4 M228.6 M
Notably Up
Decreasing
Slightly volatile
Current Liabilities407.7 M364.5 M
Moderately Up
Decreasing
Stable
Total Liabilities4.1 B3.9 B
Sufficiently Up
Increasing
Slightly volatile
Gross Margin0.220.2
Significantly Up
Decreasing
Slightly volatile
Total Debt2.4 B2.3 B
Notably Up
Decreasing
Slightly volatile
Asset Turnover0.550.6
Significantly Down
Increasing
Slightly volatile
Current Assets501.6 M398.7 M
Significantly Up
Decreasing
Slightly volatile
Total Assets3.5 B3.3 B
Notably Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Covanta Holding's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Financial Strength
Covanta Holding's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Covanta Holding's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Covanta Holding's financial leverage. It provides some insight into what part of Covanta Holding's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Covanta Holding's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Covanta Holding deploys its capital and how much of that capital is borrowed.
Liquidity
Covanta Holding cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 2.53 B in debt. Covanta Holding Corp has a current ratio of 0.87, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Covanta Holding until it has trouble settling it off, either with new capital or with free cash flow. So, Covanta Holding's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covanta Holding Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covanta to invest in growth at high rates of return. When we think about Covanta Holding's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

245.44 Million
Covanta Holding Corp (CVA) is traded on NYS Exchange in USA and employs 4,000 people. The company currently falls under 'Mid-Cap' category with total capitalization of 2.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covanta Holding's market, we take the total number of its shares issued and multiply it by Covanta Holding's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Covanta Holding Corp runs under Industrials sector within Waste Management industry. The entity has 132.97 M outstanding shares of which 5.71 M shares are currently shorted by investors with about 6.3 days to cover. Covanta Holding Corp has about 54 M in cash with 310 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.41.
Check Covanta Holding Probability Of Bankruptcy

Covanta Stock Price Odds Analysis

What are Covanta Holding's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Covanta Holding jumping above the current price in 90 days from now is about 6.68%. The Covanta Holding Corp probability density function shows the probability of Covanta Holding stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Covanta Holding Corp has a beta of -0.01 suggesting as returns on benchmark increase, returns on holding Covanta Holding are expected to decrease at a much lower rate. During the bear market, however, Covanta Holding Corp is likely to outperform the market. Additionally, the company has an alpha of 0.0164, implying that it can generate a 0.0164 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 20.26HorizonTargetOdds Above 20.26
92.64%90 days
 20.26 
6.68%
Based on a normal probability distribution, the odds of Covanta Holding to move above the current price in 90 days from now is about 6.68 (This Covanta Holding Corp probability density function shows the probability of Covanta Stock to fall within a particular range of prices over 90 days) .

Covanta Holding Historical Income Statement

Covanta Holding Corp Income Statement is one of the three primary financial statements used for reporting Covanta's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Covanta Holding Corp revenue and expense. Covanta Holding Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Covanta Holding Earning Before Interest and Taxes EBIT is projected to decrease significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 78.3 Million. The current year Gross Profit is expected to grow to about 408 M, whereas Direct Expenses is forecasted to decline to about 1.2 B. View More Fundamentals

Covanta Stock Against Markets

Picking the right benchmark for Covanta Holding stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Covanta Holding stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Covanta Holding is critical whether you are bullish or bearish towards Covanta Holding Corp at a given time.

Covanta Holding Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Covanta Holding stock to make a market-neutral strategy. Peer analysis of Covanta Holding could also be used in its relative valuation, which is a method of valuing Covanta Holding by comparing valuation metrics with similar companies.
Sumitomo Metal MiningVale SA ADRAMG Advanced MetalluBHP Group LimitedBHP Group LimitedAnglo American PLCMitsubishi MaterialsAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USA
 Risk & Return  Correlation

Covanta Holding Corporate Directors

Covanta Holding corporate directors refer to members of a Covanta Holding board of directors. The board of directors generally takes responsibility for the Covanta Holding's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Covanta Holding's board members must vote for the resolution. The Covanta Holding board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Owen Michaelson - Independent DirectorProfile
Linda Fisher - Independent DirectorProfile
Jean Smith - Independent DirectorProfile
Ronald Broglio - Independent DirectorProfile

Invested in Covanta Holding Corp?

The danger of trading Covanta Holding Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Covanta Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Covanta Holding. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Covanta Holding Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Other Tools for Covanta Stock

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.
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Go