For its first fiscal quarter (ending March 31), CVR Energy Inc (NYSE: CVI) has reported a -58% decline in E.P.S. from $1.94 a year ago to $0.81 in the current quarter. Relative to the consensus estimate of $0.39, this was a premium of $0.42. For the latest four quarters through March 31, E.P.S. were $6.52 compared to $5.61 a year ago — an increase of 16%.
Recent Price Action
CVR Energy Inc (NYSE: CVI) stock closed at $33.12 on 4/29/24 after a slight decline of -0.3%. Trading volume in this decline was normal. The stock has risen 0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. CVR Energy has a neutral Power Rating of 47 and a neutral Appreciation Score of 43, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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