Covia Holdings (CVIA) Given Consensus Rating of “Hold” by Analysts

Shares of Covia Holdings (NASDAQ:CVIA) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.58.

CVIA has been the subject of several recent research reports. Cowen restated a “buy” rating and issued a $19.00 price target on shares of Covia in a report on Thursday, August 16th. KeyCorp restated a “buy” rating and issued a $21.00 price target on shares of Covia in a report on Thursday, August 16th. Johnson Rice lowered shares of Covia from an “accumulate” rating to a “hold” rating in a report on Monday, August 20th. Jefferies Financial Group lowered shares of Covia from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a report on Wednesday, October 17th. Finally, Credit Suisse Group reduced their price target on shares of Covia from $24.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, August 15th.

NASDAQ:CVIA opened at $5.54 on Tuesday. Covia has a one year low of $5.28 and a one year high of $30.00.



Covia (NASDAQ:CVIA) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.62). The firm had revenue of $508.42 million for the quarter, compared to analyst estimates of $595.59 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s quarterly revenue was up 56.9% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of CVIA. Sterling Investment Advisors Ltd. bought a new position in shares of Covia during the 2nd quarter worth approximately $111,000. Cubist Systematic Strategies LLC bought a new position in shares of Covia during the 2nd quarter worth approximately $117,000. Russell Investments Group Ltd. bought a new position in shares of Covia during the 2nd quarter worth approximately $158,000. WealthTrust Fairport LLC bought a new position in shares of Covia during the 2nd quarter worth approximately $164,000. Finally, Strs Ohio bought a new position in shares of Covia during the 2nd quarter worth approximately $168,000.

Covia Company Profile

There is no company description available for Covia Holdings Corp.

Featured Article: Bull Market

Analyst Recommendations for Covia (NASDAQ:CVIA)

Receive News & Ratings for Covia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply