Covanta Holding (CVA) Reaches $15.55 Formed H&S; Synacor (SYNC) Sentiment Is 1.13

May 23, 2018 - By Clifton Ray

Synacor, Inc. (NASDAQ:SYNC) Logo

Covanta Holding Corporation (CVA) formed H&S with $14.62 target or 6.00% below today’s $15.55 share price. Covanta Holding Corporation (CVA) has $2.02 billion valuation. The stock decreased 1.89% or $0.3 during the last trading session, reaching $15.55. About 719,545 shares traded. Covanta Holding Corporation (NYSE:CVA) has declined 4.92% since May 23, 2017 and is downtrending. It has underperformed by 16.47% the S&P500.




Synacor Inc (SYNC) investors sentiment increased to 1.13 in Q4 2017. It’s up 0.07, from 1.06 in 2017Q3. The ratio is more positive, as 18 active investment managers opened new or increased positions, while 16 sold and reduced positions in Synacor Inc. The active investment managers in our database now own: 11.76 million shares, up from 11.61 million shares in 2017Q3. Also, the number of active investment managers holding Synacor Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 12 Increased: 11 New Position: 7.

Analysts await Covanta Holding Corporation (NYSE:CVA) to report earnings on July, 26. They expect $-0.10 earnings per share, up 54.55% or $0.12 from last year’s $-0.22 per share. After $-0.09 actual earnings per share reported by Covanta Holding Corporation for the previous quarter, Wall Street now forecasts 11.11% negative EPS growth.

Among 12 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Covanta had 52 analyst reports since October 8, 2015 according to SRatingsIntel. Barclays Capital upgraded Covanta Holding Corporation (NYSE:CVA) on Wednesday, July 12 to “Overweight” rating. The stock of Covanta Holding Corporation (NYSE:CVA) earned “Buy” rating by Oppenheimer on Monday, July 17. On Thursday, December 10 the stock rating was maintained by Imperial Capital with “Outperform”. The stock of Covanta Holding Corporation (NYSE:CVA) has “Buy” rating given on Tuesday, December 19 by Stifel Nicolaus. BMO Capital Markets maintained the shares of CVA in report on Friday, April 27 with “Buy” rating. The stock of Covanta Holding Corporation (NYSE:CVA) has “Buy” rating given on Thursday, July 27 by Oppenheimer. Oppenheimer maintained Covanta Holding Corporation (NYSE:CVA) rating on Wednesday, January 20. Oppenheimer has “Outperform” rating and $20 target. The stock has “Outperform” rating by Robert W. Baird on Monday, May 15. The firm has “Buy” rating by Robert W. Baird given on Monday, October 30. The stock of Covanta Holding Corporation (NYSE:CVA) has “Buy” rating given on Thursday, October 5 by Robert W. Baird.

More notable recent Synacor, Inc. (NASDAQ:SYNC) news were published by: Businesswire.com which released: “Synacor Brings Zimbra X Email and Collaboration Platform to Blockchain” on May 15, 2018, also Seekingalpha.com with their article: “Synacor’s (SYNC) CEO Himesh Bhise on Q1 2018 Results – Earnings Call Transcript” published on May 10, 2018, Businesswire.com published: “Synacor to Host First Quarter 2018 Financial Results Conference Call on May 9, 2018” on May 01, 2018. More interesting news about Synacor, Inc. (NASDAQ:SYNC) were released by: Businesswire.com and their article: “Synacor’s Zimbra Platform Shines in Radicati’s 2018 Report on Email Platforms” published on May 14, 2018 as well as Globenewswire.com‘s news article titled: “SYNACOR NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Synacor, Inc. – SYNC” with publication date: May 13, 2018.

It closed at $1.95 lastly. It is down 58.97% since May 23, 2017 and is downtrending. It has underperformed by 70.52% the S&P500.

Northpointe Capital Llc holds 0.42% of its portfolio in Synacor, Inc. for 1.63 million shares. Raffles Associates Lp owns 80,539 shares or 0.19% of their US portfolio. Moreover, Ariel Investments Llc has 0.1% invested in the company for 3.78 million shares. The Us-based Ancora Advisors Llc has invested 0.05% in the stock. Alyeska Investment Group L.P., a Illinois-based fund reported 1.02 million shares.

Synacor, Inc. operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises. The company has market cap of $75.65 million. It enables its clients to provide their clients engaging, multiscreen experiences with products that require scale, and actionable data and implementation. It currently has negative earnings. The company, through its managed portals and advertising solutions, enables its clients to earn revenue by monetizing media among their consumers.

Ratings analysis reveals 100% of Synacor’s analysts are positive. Out of 2 Wall Street analysts rating Synacor, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5.5 while the high is $7.0. The stock’s average target of $6.25 is 220.51% above today’s ($1.95) share price. SYNC was included in 2 notes of analysts from October 18, 2016. The firm has “Buy” rating given on Tuesday, October 18 by Ladenburg Thalmann. Lake Street initiated the shares of SYNC in report on Tuesday, February 14 with “Buy” rating.

Synacor, Inc. (NASDAQ:SYNC) Institutional Positions Chart

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