Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.57 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 $0.62 for the next fiscal and $N/A for underway quarter. Valuation Estimates 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 5.70. 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 -1.21. Technical Analysis The technical analysis highlights that CVR Refining, LP Common Units R current price is trading $-2.23 points away -24.73% from $9.01, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $12.47 and, for now, the stock price is trading $-5.69 or -45.61% away from that point. The 52-week high of CVR Refining, LP (NYSE:CVRR) was $22.74 while lowest point recorded in 52-week was $6.52. It implies if stock price makes a movement of over $-15.96, it will record a new 52-week high. In the case of $+3.99% points drop, it will touch a new 52-week low.
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