Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $6.86 on CVR Refining, LP (NYSE:CVRR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.26 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of CVR Refining, LP (NYSE:CVRR) stands at 35.75.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For CVR Refining, LP Common Units R, the PEG ratio for coming 3-5 years is -2.70.
The technical analysis highlights that CVR Refining, LP Common Units R current is trading $0.03 points away or +0.41% from its 50-day moving average of $6.37. Further it is trading $-3.45 or -35.06% away its 200-day moving average of $9.85.
The 52-week high of CVR Refining, LP (NYSE:CVRR) was $22.74 while lowest point recorded in 52-week was $5.50. It implies if stock price makes a movement of over $-16.34, it will record a new 52-week high. In the case of +16.36% drop, it will touch a new 52-week low.
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