Trade Report: The Ciner Resources LP (CINR) Coverage Initiated by Analysts at DA Davidson

The Ciner Resources LP (CINR) Coverage Initiated by Analysts at DA Davidson

DA Davidson assumed coverage on shares of Ciner Resources LP (NYSE:CINR) in a report released on Thursday. The brokerage issued a neutral rating on the stock.

CINR has been the subject of a number of other research reports. Zacks Investment Research cut Ciner Resources from a hold rating to a sell rating in a report on Tuesday, August 9th. FBR & Co reiterated a buy rating and set a $35.00 target price on shares of Ciner Resources in a report on Monday, August 8th. Finally, Citigroup Inc. lowered their target price on Ciner Resources from $30.00 to $29.00 and set a neutral rating for the company in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $29.80.

Ciner Resources (NYSE:CINR) traded up 0.06% during trading on Thursday, hitting $30.87. The company had a trading volume of 20,246 shares. The stock has a market capitalization of $619.01 million, a PE ratio of 13.06 and a beta of 1.15. The stock has a 50-day moving average of $29.90 and a 200-day moving average of $28.98. Ciner Resources has a one year low of $18.81 and a one year high of $39.10.

Ciner Resources (NYSE:CINR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.27 million. Ciner Resources had a return on equity of 23.78% and a net margin of 13.04%. The firm’s revenue was down 4.9% on a year-over-year basis. On average, equities analysts anticipate that Ciner Resources will post $2.29 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new position in shares of Ciner Resources during the third quarter valued at $263,000. Mountain Lake Investment Management LLC boosted its position in shares of Ciner Resources by 1.0% in the second quarter. Mountain Lake Investment Management LLC now owns 250,000 shares of the company’s stock valued at $7,005,000 after buying an additional 2,500 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Ciner Resources during the second quarter valued at $206,000. Van ECK Associates Corp boosted its position in shares of Ciner Resources by 2.4% in the second quarter. Van ECK Associates Corp now owns 154,453 shares of the company’s stock valued at $4,328,000 after buying an additional 3,626 shares during the last quarter. Finally, Allianz Asset Management AG bought a new position in shares of Ciner Resources during the second quarter valued at $228,000. Institutional investors own 19.86% of the company’s stock.

Ciner Resources Company Profile

Related posts

Leave a Comment