CVR Energy (NYSE:CVI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a $38.20 price target on the stock. Zacks‘ price objective points to a potential upside of 2.44% from the company’s current price.
CVR Energy (NYSE:CVI) traded down 1.69% on Tuesday, hitting $36.66. 219,495 shares of the company’s stock traded hands. CVR Energy has a one year low of $33.03 and a one year high of $72.32. The stock’s 50-day moving average is $38.28 and its 200-day moving average is $46.61. The company has a market cap of $3.183 billion and a P/E ratio of 7.48.
CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.16. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $3.00 earnings per share. CVR Energy’s revenue was down 17.9% compared to the same quarter last year. Analysts expect that CVR Energy will post $3.83 EPS for the current fiscal year.
CVI has been the subject of a number of other recent research reports. Analysts at Macquarie cut their price target on shares of CVR Energy from $39.00 to $36.00 in a research note to investors on Thursday, October 3rd. They now have an “underperform” rating on the stock. Analysts at Simmons downgraded shares of CVR Energy from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, September 9th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. CVR Energy presently has an average rating of “Sell” and an average price target of $45.05.
CVR Energy, Inc (NYSE:CVI), through its wholly owned subsidiaries, acts as an independent petroleum refiner and marketer of transportation fuels in the mid-continental United States.
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