Covia Holdings (NASDAQ:CVIA) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $10.00.
CVIA has been the subject of several analyst reports. Barclays initiated coverage on Covia in a report on Tuesday, March 12th. They issued an “underweight” rating and a $4.00 price objective for the company. Cowen cut Covia from an “outperform” rating to a “market perform” rating in a report on Thursday, January 17th. Finally, Zacks Investment Research cut Covia from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th.
Several institutional investors have recently made changes to their positions in CVIA. JPMorgan Chase & Co. increased its stake in shares of Covia by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 74,188 shares of the company’s stock valued at $666,000 after purchasing an additional 16,685 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Covia by 16.5% in the 3rd quarter. Alliancebernstein L.P. now owns 59,400 shares of the company’s stock valued at $533,000 after purchasing an additional 8,400 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Covia by 84.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,385,908 shares of the company’s stock valued at $30,372,000 after purchasing an additional 1,548,743 shares in the last quarter. BlackRock Inc. increased its stake in shares of Covia by 0.6% in the 3rd quarter. BlackRock Inc. now owns 2,128,665 shares of the company’s stock valued at $19,095,000 after purchasing an additional 12,785 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Covia by 443.0% in the 3rd quarter. FMR LLC now owns 1,141,466 shares of the company’s stock valued at $10,239,000 after purchasing an additional 931,266 shares in the last quarter.
Covia (NASDAQ:CVIA) last issued its quarterly earnings data on Thursday, March 21st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.09). The firm had revenue of $441.30 million during the quarter, compared to analyst estimates of $464.57 million. The firm’s revenue was up 31.4% on a year-over-year basis.
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.
Featured Story: Book Value Per Share in Stock Trading
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.