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How to buy Covanta Holding Corporation stock | $13.13

Own Covanta Holding Corporation stock in just a few minutes.

Fact checked

Covanta Holding Corporation is a waste management business based in the US. Covanta Holding Corporation shares (CVA) are listed on the NYSE and all prices are listed in US Dollars. Covanta Holding Corporation employs 4,000 staff and has a trailing 12-month revenue of around USD$1.9 billion.

How to buy shares in Covanta Holding Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Covanta Holding Corporation. Find the stock by name or ticker symbol: CVA. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Covanta Holding Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$13.13, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Covanta Holding Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Covanta Holding Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Covanta Holding Corporation share price

Use our graph to track the performance of CVA stocks over time.

Covanta Holding Corporation shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$13.13
52-week rangeUSD$6.4444 - USD$15.3816
50-day moving average USD$12.4488
200-day moving average USD$9.8426
Wall St. target priceUSD$11.93
PE ratio 190
Dividend yield USD$0.32 (2.47%)
Earnings per share (TTM) USD$0.04

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Covanta Holding Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Covanta Holding Corporation price performance over time

Historical closes compared with the close of $13.13 from 2020-12-31

1 week (2021-01-07) -5.74%
1 month (2020-12-17) -0.76%
3 months (2020-10-16) 61.90%
6 months (2020-07-16) 35.50%
1 year (2020-01-16) -15.56%
2 years (2019-01-16) -14.07%
3 years (2018-01-16) 16.8
5 years (2016-01-15) 14.02

Is Covanta Holding Corporation under- or over-valued?

Valuing Covanta Holding Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Covanta Holding Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Covanta Holding Corporation's P/E ratio

Covanta Holding Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 190x. In other words, Covanta Holding Corporation shares trade at around 190x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Covanta Holding Corporation's EBITDA

Covanta Holding Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$344 million.

The EBITDA is a measure of a Covanta Holding Corporation's overall financial performance and is widely used to measure a its profitability.

Covanta Holding Corporation financials

Revenue TTM USD$1.9 billion
Operating margin TTM 6.32%
Gross profit TTM USD$499 million
Return on assets TTM 2.01%
Return on equity TTM -8.47%
Profit margin -1.48%
Book value $2.155
Market capitalisation USD$1.7 billion

TTM: trailing 12 months

Shorting Covanta Holding Corporation shares

There are currently 3.6 million Covanta Holding Corporation shares held short by investors – that's known as Covanta Holding Corporation's "short interest". This figure is 2.4% up from 3.5 million last month.

There are a few different ways that this level of interest in shorting Covanta Holding Corporation shares can be evaluated.

Covanta Holding Corporation's "short interest ratio" (SIR)

Covanta Holding Corporation's "short interest ratio" (SIR) is the quantity of Covanta Holding Corporation shares currently shorted divided by the average quantity of Covanta Holding Corporation shares traded daily (recently around 859637.88968825). Covanta Holding Corporation's SIR currently stands at 4.17. In other words for every 100,000 Covanta Holding Corporation shares traded daily on the market, roughly 4170 shares are currently held short.

However Covanta Holding Corporation's short interest can also be evaluated against the total number of Covanta Holding Corporation shares, or, against the total number of tradable Covanta Holding Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Covanta Holding Corporation's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Covanta Holding Corporation shares in existence, roughly 30 shares are currently held short) or 0.0305% of the tradable shares (for every 100,000 tradable Covanta Holding Corporation shares, roughly 31 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Covanta Holding Corporation.

Find out more about how you can short Covanta Holding Corporation stock.

Covanta Holding Corporation share dividends

We're not expecting Covanta Holding Corporation to pay a dividend over the next 12 months.

Covanta Holding Corporation share price volatility

Over the last 12 months, Covanta Holding Corporation's shares have ranged in value from as little as $6.4444 up to $15.3816. A popular way to gauge a stock's volatility is its "beta".

CVA.US volatility(beta: 1.51)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Covanta Holding Corporation's is 1.5102. This would suggest that Covanta Holding Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Covanta Holding Corporation overview

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. The company disposes waste and generates electricity and/or steam; sells metal recovered during the energy-from-waste (EfW) process; and offers waste management solutions, such as site clean-up, wastewater treatment, pharmaceutical and healthcare solutions, reverse distribution, transportation and logistics, recycling, and depackaging. As of December 31, 2019, it owned and operated 41 EfW operations, 14 transfer stations, 20 material processing facilities, four landfills, two wood waste energy projects, one regional metals recycling facility, and one ash processing facility. Covanta Holding Corporation has a strategic partnership with the Green Investment Group Limited to develop EfW projects in Ireland and the United Kingdom. The company was formerly known as Danielson Holding Corporation and changed its name to Covanta Holding Corporation in September 2005. Covanta Holding Corporation was incorporated in 1992 and is headquartered in Morristown, New Jersey.

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