Barclays Begins Coverage on Covia (CVIA)

Barclays assumed coverage on shares of Covia (NASDAQ:CVIA) in a report published on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an underweight rating and a $4.00 price target on the stock.

A number of other research analysts have also commented on CVIA. Credit Suisse Group lowered their price target on Covia from $7.50 to $6.00 and set an underperform rating on the stock in a report on Thursday, November 15th. B. Riley lowered their price target on Covia from $15.00 to $10.00 and set a neutral rating on the stock in a report on Tuesday, November 20th. Zacks Investment Research cut Covia from a hold rating to a sell rating in a research note on Tuesday, November 20th. OTR Global cut Covia from a positive rating to a negative rating in a research note on Friday, December 21st. Finally, Cowen cut Covia from an outperform rating to a market perform rating in a research note on Thursday, January 17th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Covia presently has a consensus rating of Hold and an average target price of $12.55.

Shares of CVIA opened at $5.95 on Tuesday. Covia has a one year low of $3.23 and a one year high of $30.00.

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Covia during the fourth quarter valued at about $38,000. GSA Capital Partners LLP bought a new position in Covia during the third quarter valued at about $110,000. Ancora Advisors LLC bought a new position in Covia during the third quarter valued at about $135,000. Sterling Investment Advisors Ltd. boosted its position in shares of Covia by 150.0% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 15,000 shares of the company’s stock valued at $135,000 after purchasing an additional 9,000 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of Covia in the 2nd quarter valued at $300,000.

About Covia

Covia Holdings Corporation provides minerals and material solutions for the industrial and energy markets. The company offers various mineral solutions to the glass, ceramics, coatings, polymers, construction, water filtration, sports, and recreation markets. It also offers a range of high-purity silica sand, nepheline syenite, feldspar, clay, kaolin, lime, resin systems, and coated materials.

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Analyst Recommendations for Covia (NASDAQ:CVIA)

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