Value Or Bear Trap? – Covanta Holding Corporation (CVA), Sensata Technologies Holding N.V. (ST)

Covanta Holding Corporation (NYSE:CVA) is offering a substantial bargain with a P/S ratio at 1.22. The broad Waste Management industry has an average P/S ratio of 5.6, which represents discount over the sector’s 9.74. In the past 13-year record, this ratio went down as low as 1 and as high as 3.11. Also, it is up from 55% of the total 168 rivals across the globe.

CVA traded at an unexpectedly low level on 05/02/2018 when the stock experienced a -4.7% loss to a closing price of $15.2. The company saw 0.85 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 0.9 million shares a day, this signifies a pretty significant change over the norm.

Covanta Holding Corporation (CVA) Analyst Gushes

Analysts are speculating a 31.58% move, based on the high target price ($20) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $18.31 price target, but the stock is already up 16.92% from its recent lows. However, the stock is trading at -12.14% versus recent highs ($17.30). Analysts believe that we could see stock price minimum in the $16 range (lowest target price), allowing for another 5.26% jump from its current position. Leading up to this report, we have seen a -9.79% fall in the stock price over the last 30 days and a -3.18% decline over the past 3 months. Overall, the share price is down -10.06% so far this year. Additionally, CVA had a day price range of $15.2 to $15.9.

Covanta Holding Corporation (CVA) Price Potential

Heading into the stock price potential, Covanta Holding Corporation needs to grow just 25% to cross its median price target of $19. In order to determine directional movement, the 50-day and 200-day moving averages for Covanta Holding Corporation (NYSE:CVA) are $16.71 and $15.2. Given that liquidity is king in short-term, CVA is a stock with 134.3 million shares outstanding that normally trades 9.4% of its float. The stock price recently experienced a 5-day loss of -8.16% with 0.38 average true range (ATR). CVA has a beta of 0.68 and RSI is 31.24.

Investors also need to beware of the Sensata Technologies Holding N.V. (NYSE:ST) valuations. The stock trades on a P/S of 2.84, which suggests that the shares are not attractive compared with peers. The broad Scientific & Technical Instruments industry has an average P/S ratio of 2.16, which is significantly better than the sector’s 2.78. In the past 11-year record, this ratio went down as low as 1.77 and as high as 4.09. Also, it is down from 73% of the total 2236 rivals across the globe.

Sensata Technologies Holding N.V. (ST)’s Lead Over its Technicals

Sensata Technologies Holding N.V. by far traveled 34.8% versus a 1-year low price of $38.71. The share price was last seen -4.95% lower, reaching at $52.18 on May. 02, 2018. At recent session, the prices were hovering between $52.03 and $54.74. This company shares are -100% up from its target price of $0 and the current market capitalization stands at $9.22B. The recent change has given its price a 0.13% lead over SMA 50 and -9.09% deficit over its 52-week high. The stock witnessed 0.77% gains, 8.5% gains and 15.9% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ST’s volatility during a week at 2.79% and during a month it has been found around 1.97%.

Sensata Technologies Holding N.V. (NYSE:ST) Intraday Metrics

Sensata Technologies Holding N.V. (ST) exchanged hands at an unexpectedly high level of 1.82 million shares over the course of the day. Noting its average daily volume at 1.17 million shares each day over the month, this signifies a pretty significant change over the norm.

Sensata Technologies Holding N.V. Target Levels

The market experts are predicting a 26.49% rally, based on the high target price ($66) for Sensata Technologies Holding N.V. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $50 range (lowest target price). If faced, it would be a -4.18% drop from its current position. Overall, the share price is up 2.09% year to date.

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