Mizuho Securities Reaffirms Their Sell Rating on CVR Energy (CVI)

In a report released today, Nitin Kumar CFA from Mizuho Securities reiterated a Sell rating on CVR Energy, with a price target of $32.00.

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According to TipRanks, Kumar CFA is a 5-star analyst with an average return of 8.6% and a 64.78% success rate. Kumar CFA covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum.

CVR Energy has an analyst consensus of Moderate Sell, with a price target consensus of $27.60.

Based on CVR Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a GAAP net loss of $110 million. In comparison, last year the company earned a revenue of $1.95 billion and had a net profit of $29 million

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CVI in relation to earlier this year.