CVR Partners LP (UAN) Given Average Rating of “Hold” by Brokerages
Shares of CVR Partners LP (NYSE:UAN) have received an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.00.
Separately, Zacks Investment Research lowered shares of CVR Partners from a “hold” rating to a “strong sell” rating in a report on Wednesday, December 6th.
In other CVR Partners news, major shareholder Gso Capital Partners Lp sold 1,900,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $3.00, for a total value of $5,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
CVR Partners (UAN) traded up $0.10 on Friday, reaching $3.02. 648,753 shares of the company’s stock traded hands, compared to its average volume of 705,080. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $353.83, a price-to-earnings ratio of -5.70 and a beta of 1.39. CVR Partners has a 12 month low of $2.58 and a 12 month high of $6.21.
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.
Receive News & Ratings for CVR Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners and related companies with MarketBeat.com's FREE daily email newsletter.