CVR Partners (NYSE:UAN) Lowered to “Neutral” at Goldman Sachs Group

Goldman Sachs Group downgraded shares of CVR Partners (NYSE:UAN) from a buy rating to a neutral rating in a report published on Wednesday, BenzingaRatingsTable reports. Goldman Sachs Group currently has $3.00 price target on the basic materials company’s stock, down from their previous price target of $5.00.

Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of CVR Partners from a c- rating to a d+ rating in a research note on Thursday, January 2nd. ValuEngine upgraded shares of CVR Partners from a hold rating to a buy rating in a research note on Friday, November 8th.

Shares of NYSE:UAN traded up $0.03 during trading hours on Wednesday, hitting $2.96. The stock had a trading volume of 4,496 shares, compared to its average volume of 167,370. The stock’s fifty day simple moving average is $2.94 and its 200 day simple moving average is $3.41. CVR Partners has a 1-year low of $2.65 and a 1-year high of $4.35. The firm has a market capitalization of $334.18 million, a price-to-earnings ratio of -6.69 and a beta of 1.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.22 and a current ratio of 1.89.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Wednesday, October 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.15). CVR Partners had a negative net margin of 2.75% and a negative return on equity of 2.38%. The firm had revenue of $88.58 million during the quarter. As a group, research analysts anticipate that CVR Partners will post -0.44 EPS for the current year.

In related news, Director Donna R. Ecton sold 17,969 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $3.04, for a total transaction of $54,625.76. Following the transaction, the director now owns 12,500 shares in the company, valued at $38,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new position in shares of CVR Partners during the third quarter valued at approximately $58,000. Stifel Financial Corp acquired a new position in shares of CVR Partners during the third quarter valued at approximately $72,000. Tocqueville Asset Management L.P. acquired a new position in shares of CVR Partners during the third quarter valued at approximately $97,000. Clear Street Markets LLC acquired a new position in shares of CVR Partners during the third quarter valued at approximately $157,000. Finally, Bank of Montreal Can increased its stake in shares of CVR Partners by 157.6% during the second quarter. Bank of Montreal Can now owns 38,643 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 23,643 shares during the period. Institutional investors and hedge funds own 37.81% of the company’s stock.

CVR Partners Company Profile

CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.

Featured Article: Balance Sheet

Receive News & Ratings for CVR Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CVR Partners and related companies with MarketBeat.com's FREE daily email newsletter.