CVR Partners (NYSE:UAN) Stock Gets Downgrade from Wall Street Zen

CVR Partners (NYSE:UAN – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the stock. Freedom Broker began coverage on shares of CVR Partners in a research note on Tuesday, October 27th. They set a “hold” rating and a $124.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of CVR Partners in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CVR Partners presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Read Our Latest Analysis on UAN

CVR Partners Stock Performance

NYSE:UAN opened at $109.32 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.18 and a debt-to-equity ratio of 2.09. The firm has a 50-day moving average price of $126.85 and a two-hundred day moving average price of $121.53. CVR Partners has a twelve month low of $93.43 and a twelve month high of $139.50. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.87 and a beta of 0.21.

CVR Partners (NYSE:UAN – Get Free Report) last announced its earnings results 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 return on equity of 35.58% and a net margin of 16.14%. The business had revenue of $146.15 million for the quarter, compared to analyst estimates of $165.40 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAN. Bank of America Corp DE raised its position in shares of CVR Partners by 219.8% in the first quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock valued at $913,000 after buying an additional 4,955 shares during the last quarter. De Lisle Partners LLP purchased a new position in shares of CVR Partners during the second quarter valued at approximately $6,058,000. Royal Bank of Canada lifted its stake in shares of CVR Partners by 30.6% during the first quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock valued at $1,400,000 after buying an additional 2,591 shares during the period. Alps Advisors Inc. purchased a new position in shares of CVR Partners during the third quarter valued at approximately $542,000. Finally, Arrow Investment Advisors LLC boosted its position in CVR Partners by 18.4% during the third quarter. Arrow Investment Advisors LLC now owns 2,149 shares of the basic materials company’s stock worth $266,000 after acquiring an additional 334 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

CVR Partners Company Profile

(Get Free Report)

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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