CVR Energy Price Target Lowered to $36.00 at Macquarie (CVI)
Equities research analysts at Macquarie lowered their price target on shares of CVR Energy (NYSE:CVI) from $39.00 to $36.00 in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has an “underperform” rating on the stock. Macquarie’s price target suggests a potential downside of 6.01% from the company’s current price.
A number of other firms have also recently commented on CVI. Analysts at Simmons downgraded shares of CVR Energy (NYSE:CVI) from a “neutral” rating to an “underweight” rating in a research note to investors on Monday, September 9th. Analysts at Zacks downgraded shares of CVR Energy (NYSE:CVI) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $40.60 price target on the stock. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company currently has an average rating of “Sell” and an average price target of $45.65.
CVR Energy (NYSE:CVI) traded down 1.97% during mid-day trading on Thursday, hitting $38.30. The stock had a trading volume of 440,115 shares. CVR Energy has a 1-year low of $34.52 and a 1-year high of $72.32. The stock’s 50-day moving average is $41.42 and its 200-day moving average is $49.40. The company has a market cap of $3.326 billion and a P/E ratio of 5.68.
CVR Energy (NYSE:CVI) last announced its earnings results on Thursday, August 1st. The company reported $2.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.72 by $0.39. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $2.52 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that CVR Energy will post $4.43 earnings per share for the current fiscal year.
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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