CVR Energy (CVI) Receives a Sell from Scotiabank
Scotiabank analyst Paul Cheng maintained a Sell rating on CVR Energy today and set a price target of $25.00.
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According to TipRanks, Cheng is a 3-star analyst with an average return of 2.5% and a 49.79% success rate. Cheng covers the Energy sector, focusing on stocks such as Chevron, BP, and CVR Energy.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for CVR Energy with a $29.33 average price target.
Based on CVR Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.94 billion and a net profit of $374 million. In comparison, last year the company earned a revenue of $1.83 billion and had a GAAP net loss of $124 million
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