Ciner Resources LP (CINR) Given Consensus Rating of “Hold” by Brokerages

Ciner Resources LP (NYSE:CINR) has received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.00.

A number of research analysts recently issued reports on CINR shares. B. Riley reiterated a “buy” rating on shares of Ciner Resources in a report on Wednesday, November 1st. Zacks Investment Research lowered Ciner Resources from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Ciner Resources from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, SunTrust Banks reiterated a “hold” rating on shares of Ciner Resources in a report on Tuesday, December 19th.

Ciner Resources (NYSE CINR) opened at $27.31 on Monday. Ciner Resources has a 52-week low of $22.61 and a 52-week high of $32.50. The company has a market capitalization of $549.62, a price-to-earnings ratio of 14.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.48.

Ciner Resources (NYSE:CINR) last released its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Ciner Resources had a return on equity of 15.13% and a net margin of 7.77%. The firm had revenue of $122.50 million for the quarter, compared to analysts’ expectations of $118.10 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. equities research analysts predict that Ciner Resources will post 1.97 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in Ciner Resources by 0.3% during the 2nd quarter. Advisory Services Network LLC now owns 10,723 shares of the basic materials company’s stock worth $294,000 after buying an additional 32 shares during the last quarter. Starfire Investment Advisers Inc. purchased a new stake in Ciner Resources during the 4th quarter worth about $486,000. Western Standard LLC purchased a new stake in Ciner Resources during the 3rd quarter worth about $816,000. Bank of New York Mellon Corp lifted its holdings in Ciner Resources by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,021 shares of the basic materials company’s stock worth $1,946,000 after buying an additional 10,150 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Ciner Resources by 1.2% during the 2nd quarter. California Public Employees Retirement System now owns 91,100 shares of the basic materials company’s stock worth $2,496,000 after buying an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 9.00% of the company’s stock.

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Ciner Resources Company Profile

Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.

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