CVR Partners (NYSE:UAN) Rating Lowered to Buy at StockNews.com

CVR Partners (NYSE:UANGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, TheStreet raised CVR Partners from a “c+” rating to a “b” rating in a report on Tuesday, February 22nd.

NYSE UAN opened at $111.32 on Friday. The stock’s 50 day moving average is $141.20 and its 200 day moving average is $112.99. The company has a current ratio of 1.47, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. CVR Partners has a 12 month low of $51.00 and a 12 month high of $179.74. The stock has a market cap of $1.18 billion, a PE ratio of 6.02 and a beta of 1.55.

CVR Partners (NYSE:UANGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The basic materials company reported $8.78 EPS for the quarter. CVR Partners had a return on equity of 59.89% and a net margin of 28.39%. The company had revenue of $222.87 million for the quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of CVR Partners by 7,623.7% during the 1st quarter. Bank of America Corp DE now owns 9,114 shares of the basic materials company’s stock worth $1,258,000 after acquiring an additional 8,996 shares in the last quarter. Royal Bank of Canada raised its holdings in CVR Partners by 182.3% during the 1st quarter. Royal Bank of Canada now owns 511 shares of the basic materials company’s stock valued at $71,000 after buying an additional 330 shares during the period. Greenwich Investment Management Inc. purchased a new stake in CVR Partners during the 1st quarter valued at $235,000. Hood River Capital Management LLC raised its holdings in CVR Partners by 21.2% during the 1st quarter. Hood River Capital Management LLC now owns 509 shares of the basic materials company’s stock valued at $70,000 after buying an additional 89 shares during the period. Finally, UBS Group AG raised its holdings in CVR Partners by 103.6% during the 1st quarter. UBS Group AG now owns 24,454 shares of the basic materials company’s stock valued at $3,374,000 after buying an additional 12,442 shares during the period. 21.33% of the stock is currently owned by institutional investors and hedge funds.

CVR Partners Company Profile (Get Rating)

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of 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.

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