Stock Rating Upgrade
In recent days the Value Trend Rating for CVR Energy Inc (NYSE: CVI) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
CVR Energy Inc (NYSE: CVI) stock closed at $36.32 on 4/8/24 after a decline of -3.3%. However, this decline was accompanied by below average trading volume at 79% of normal. The stock has performed in line with the market over the last nine months and has risen 1.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CVI is expected to continue to be a major Value Builder.
CVR Energy has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CVR Energy has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 51, and the Low Neutral Value Trend Rating results.
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