CVR Partners Coverage Initiated at JPMorgan Chase & Co. (UAN)
Research analysts at JPMorgan Chase & Co. assumed coverage on shares of CVR Partners (NYSE:UAN) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
CVR Partners (NYSE:UAN) opened at 21.06 on Tuesday. CVR Partners has a 52 week low of $15.11 and a 52 week high of $27.50. The stock’s 50-day moving average is $21.11 and its 200-day moving average is $18.61. The company has a market cap of $1.540 billion and a price-to-earnings ratio of 13.01.
CVR Partners (NYSE:UAN) last released its earnings data on Thursday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The company had revenue of $84.30 million for the quarter, compared to the consensus estimate of $76.06 million. Analysts expect that CVR Partners will post $1.55 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of CVR Partners from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Analysts at Barclays reiterated an “equal weight” rating on shares of CVR Partners in a research note on Wednesday, March 5th. They now have a $23.00 price target on the stock, up previously from $22.00. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.39.
CVR Partners, LP (NYSE:UAN), is a Delaware limited partnership formed by CVR Energy, Inc (CVR Energy) to own and operate a nitrogen fertilizer business.
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