CVR Partners (NYSE:UAN) Now Covered by Freedom Broker

Analysts at Freedom Broker assumed coverage on shares of CVR Partners (NYSE:UAN) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set a “hold” rating and a $124.00 price target on the basic materials company’s stock. Freedom Broker‘s price target suggests a potential downside of 0.06% from the stock’s current price.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CVR Partners in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

CVR Partners Stock Down 0.2%

Shares of UAN stock traded down $0.23 during trading hours on Tuesday, reaching $124.08. 14,356 shares of the stock were exchanged, compared to its average volume of 54,671. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.01 and a quick ratio of 2.11. The business’s fifty day moving average is $127.73 and its two-hundred day moving average is $121.22. The firm has a market capitalization of $1.31 billion, a P/E ratio of 8.18 and a beta of 0.26. CVR Partners has a 12-month low of $91.44 and a 12-month high of $139.50.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share for the quarter. The company had revenue of $202.19 million for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%.

Institutional Trading of CVR Partners

Several institutional investors have recently added to or reduced their stakes in the stock. Samalin Investment Counsel LLC grew its holdings in CVR Partners by 8.0% during the 3rd quarter. Samalin Investment Counsel LLC now owns 3,075 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 227 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in CVR Partners in the third quarter worth about $504,000. Bank of America Corp DE increased its holdings in 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. Apollon Wealth Management LLC raised its stake in CVR Partners by 2.0% during the third quarter. Apollon Wealth Management LLC now owns 7,873 shares of the basic materials company’s stock valued at $974,000 after buying an additional 158 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in 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 in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

CVR Partners Company Profile

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.