CVR Partners (NYSE:UAN) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded CVR Partners from Buy to Hold. Other analyst views are mixed, leaving the stock with a MarketBeat “Moderate Buy” consensus and an average price target of $124.
• CVR Partners missed quarterly expectations, reporting an EPS loss of $1.02 versus the $1.62 consensus and revenue of $146.15 million versus the $165.40 million estimate.
• The stock opened at $109.32, within its 52-week range of $93.43 to $139.50; institutional investors own 43.83% of its shares.

CVR Partners (NYSE:UAN - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also commented on UAN. Weiss Ratings reissued a "buy (b)" rating on shares of CVR Partners in a report on Tuesday, August 11th. Freedom Broker assumed coverage on shares of CVR Partners in a research report on Tuesday, October 27th. They set a "hold" rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $124.00.

CVR Partners Stock Up 0.7%

UAN stock opened at $109.32 on Friday. The firm has a market capitalization of $1.16 billion, a P/E ratio of 10.87 and a beta of 0.21. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.01 and a quick ratio of 2.11. CVR Partners has a 52-week low of $93.43 and a 52-week high of $139.50. The company's 50 day simple moving average is $126.85 and its 200-day simple moving average is $121.53.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($2.64). CVR Partners had a net margin of 23.67% and a return on equity of 51.56%. The business had revenue of $146.15 million during the quarter, compared to the consensus estimate of $165.40 million.

Hedge Funds Weigh In On CVR Partners

Institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. purchased a new stake in shares of CVR Partners during the third quarter worth approximately $542,000. Arrow Investment Advisors LLC raised its stake in CVR Partners by 18.4% during the 3rd quarter. Arrow Investment Advisors LLC now owns 2,149 shares of the basic materials company's stock valued at $266,000 after acquiring an additional 334 shares in the last quarter. MGO One Seven LLC acquired a new stake in shares of CVR Partners during the third quarter worth $405,000. State of Wyoming purchased a new stake in shares of CVR Partners during the 3rd quarter worth about $77,000. Finally, Oppenheimer & Co. Inc. bought a new stake in CVR Partners during the 3rd quarter valued at approximately $504,000. Institutional investors own 43.83% of the company's stock.

CVR Partners Company Profile

CVR Partners, LP NYSE: UAN is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.

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