Brokerages Set CVR Partners, LP (UAN) Price Target at $6.00
CVR Partners, LP (NYSE:UAN) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.00.
A number of equities analysts have issued reports on UAN shares. BidaskClub raised CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Cowen and Company reaffirmed a “hold” rating on shares of CVR Partners, in a research note on Tuesday, September 26th. Zacks Investment Research raised CVR Partners, from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, ValuEngine raised CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in UAN. Virtu KCG Holdings LLC boosted its stake in shares of CVR Partners, by 47.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 47,458 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 15,174 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of CVR Partners, by 10.7% during the 1st quarter. Global X Management Co. LLC now owns 39,475 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 3,825 shares in the last quarter. Citigroup Inc. bought a new stake in shares of CVR Partners, during the 2nd quarter worth $263,000. Wells Fargo & Company MN boosted its stake in shares of CVR Partners, by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 11,581 shares in the last quarter. Finally, Leucadia National Corp bought a new stake in shares of CVR Partners, during the 2nd quarter worth $349,000. 22.33% of the stock is owned by institutional investors and hedge funds.
Shares of CVR Partners, (UAN) traded down 1.60% during trading on Friday, reaching $3.07. The company had a trading volume of 262,965 shares. CVR Partners, has a 12 month low of $2.58 and a 12 month high of $6.95. The stock’s 50-day moving average price is $3.08 and its 200-day moving average price is $3.82. The stock’s market capitalization is $347.78 million.
CVR Partners, (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $97.90 million for the quarter, compared to the consensus estimate of $117.15 million. CVR Partners, had a negative net margin of 12.03% and a negative return on equity of 6.74%. The business’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.15) earnings per share. Equities analysts forecast that CVR Partners, will post ($0.30) earnings per share for the current fiscal year.
About CVR Partners,
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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