Research Analysts’ Recent Ratings Updates for Covia (CVIA)

Several analysts have recently updated their ratings and price targets for Covia (NASDAQ: CVIA):

  • 10/3/2018 – Covia was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating. They now have a $7.50 price target on the stock, down previously from $14.00.
  • 10/2/2018 – Covia was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 9/20/2018 – Covia was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating.
  • 9/18/2018 – Covia is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $11.00 price target on the stock.
  • 9/14/2018 – Covia is now covered by analysts at Wells Fargo & Co. They set a “market perform” rating and a $11.00 price target on the stock.
  • 9/6/2018 – Covia had its price target lowered by analysts at B. Riley from $27.00 to $15.00. They now have a “neutral” rating on the stock.
  • 8/30/2018 – Covia had its “buy” rating reaffirmed by analysts at Seaport Global Securities.
  • 8/20/2018 – Covia was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Covia Holdings Corporation provides metal mining services. The Company produces low-iron nepheline syenite for glass, ceramics, paints, and plastics as well as offers quartz proppants for oil and natural gas simulation and recovery. It serves agriculture, construction, environment and sports sectors primarily in the United States. Covia Holdings Corporation is based in New Canaan, United States. “
  • 8/20/2018 – Covia was downgraded by analysts at Johnson Rice from an “accumulate” rating to a “hold” rating.
  • 8/17/2018 – Covia had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $17.50 price target on the stock.
  • 8/17/2018 – Covia had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $15.00 price target on the stock.
  • 8/16/2018 – Covia had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $21.00 price target on the stock.
  • 8/16/2018 – Covia had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $19.00 price target on the stock.
  • 8/15/2018 – Covia had its price target lowered by analysts at Credit Suisse Group AG from $24.00 to $19.00. They now have a “neutral” rating on the stock.
  • 8/15/2018 – Covia had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $18.00 price target on the stock.

CVIA traded up $0.51 during trading on Monday, hitting $9.75. 5,423 shares of the company’s stock were exchanged, compared to its average volume of 536,856. Covia Holdings has a fifty-two week low of $8.34 and a fifty-two week high of $30.00.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CVIA. Viking Fund Management LLC acquired a new position in Covia during the second quarter worth $668,000. Exane Derivatives acquired a new position in Covia during the second quarter worth $358,000. James Investment Research Inc. purchased a new stake in shares of Covia in the second quarter valued at about $1,251,000. Perella Weinberg Partners Capital Management LP purchased a new stake in shares of Covia in the second quarter valued at about $4,621,000. Finally, Sterling Investment Advisors Ltd. purchased a new stake in shares of Covia in the second quarter valued at about $111,000.

There is no company description available for Covia Holdings Corp.

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