NEW YORK (TheStreet) -- Shares of Covanta Holding Corp. (CVA) are up 1.12% to $20.31 after it announced a new five year agreement with the City of Boston for sustainable waste disposal, effective July 1.
Financial terms of the deal were not disclosed.
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Separately, TheStreet Ratings team rates COVANTA HOLDING CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate COVANTA HOLDING CORP (CVA) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: