CVR Energy Shares Surge Past Analyst Price Target: What Comes Next?
In recent trading, shares of CVR Energy Inc (Symbol: CVI) have surpassed the average analyst 12-month target price of $19.75, selling for $20.40 per share. When a stock hits its target, analysts generally have two choices: downgrade the valuation or increase their target price. Their decision may hinge on recent developments within the company that could justify the rising stock price. If positive changes are underway, it might be time for those analysts to raise their price targets.
Six analysts contribute to the average target for CVR Energy Inc, though it’s important to note that this average represents a range of opinions. For instance, one analyst has set a target as low as $16.00, while another expects the stock could reach $21.00. The standard deviation among these targets is $1.89.
The key reason to reference the average CVI price target is to benefit from the collective insight of multiple analysts, rather than relying on a single viewpoint. With CVI trading above the average price target of $19.75 per share, this presents a pivotal moment for investors. They must assess whether this price is merely a stepping stone toward an even higher target or if it signals that the stock has been overvalued, suggesting it might be time to consider taking some profits. Below is an overview of the current analyst ratings for CVR Energy Inc:
| Recent CVI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 3 | 3 | 3 | 3 |
| Average rating: | 4.0 | 4.0 | 4.0 | 4.0 |
The average rating reflected in the last row is on a scale from 1 to 5, where 1 signifies “Strong Buy” and 5 stands for “Strong Sell.” This analysis utilized data from Zacks Investment Research via Quandl.com. To access the latest Zacks research report on CVI — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
