Is Covanta Holding stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Covanta Holding pays dividends. Last time was Friday 15th of October 2021 where the investors holding the stock on Wednesday 6th of October 2021 were paid $0.08 per share. Over the last 44 times between 2010 and 2021, Covanta Holding has paid $9.65 with an average of $0.22 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Covanta Holding 10 years ago, but if you had invested on Friday 22nd of November 2019 when the price was $14.40, you would have made a profit of $5.86 per share or 40.69%
Yes, the average daily trading liquidity for Covanta Holding is $1.04 million. You should therefore be able to get in and out of your positions relatively fast.
Covanta Holding has much of the business financed by loans. This puts the company at high risk in periods of high inflation where borrowing costs usually go up. With a normal cash flow to debt ratio of 0.10, the company's ability to pay off the debt is normal. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Covanta Holding to be high [0.75 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.