CF Industries Holdings Inc. (CF) Stock Rating Upgraded by Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm presently has a $27.03 price objective on the stock. Vetr‘s price objective suggests a potential upside of 12.86% from the company’s current price.
Several other brokerages also recently commented on CF. Credit Suisse Group AG set a $26.00 target price on shares of CF Industries Holdings and gave the company a “buy” rating in a research note on Sunday, September 18th. Barclays PLC reduced their target price on shares of CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Citigroup Inc. reduced their target price on shares of CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 10th. Atlantic Securities downgraded shares of CF Industries Holdings from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $35.00 to $24.00 in a research note on Friday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $28.00 target price on shares of CF Industries Holdings in a research note on Friday, August 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.71.
CF Industries Holdings (NYSE:CF) opened at 23.95 on Monday. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $54.27. The firm has a market cap of $5.58 billion, a PE ratio of 29.50 and a beta of 1.62. The stock has a 50 day moving average of $24.35 and a 200 day moving average of $27.21.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.35. The business earned $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The company’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $1.49 EPS. Analysts anticipate that CF Industries Holdings will post $1.06 EPS for the current year.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average cost of $23.25 per share, with a total value of $502,200.00. Following the purchase, the director now owns 88,443 shares in the company, valued at $2,056,299.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.84% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Credit Capital Investments LLC boosted its stake in CF Industries Holdings by 2,349.2% in the second quarter. Credit Capital Investments LLC now owns 7,230,433 shares of the company’s stock worth $7,230,000 after buying an additional 6,935,215 shares during the last quarter. FMR LLC boosted its stake in CF Industries Holdings by 17.4% in the second quarter. FMR LLC now owns 24,447,466 shares of the company’s stock worth $589,184,000 after buying an additional 3,630,043 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in CF Industries Holdings during the second quarter worth about $85,368,000. Canada Pension Plan Investment Board boosted its stake in CF Industries Holdings by 2,394.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,851,575 shares of the company’s stock worth $58,028,000 after buying an additional 1,777,338 shares during the last quarter. Finally, Glendon Capital Management LP boosted its stake in CF Industries Holdings by 248.1% in the second quarter. Glendon Capital Management LP now owns 2,136,211 shares of the company’s stock worth $51,483,000 after buying an additional 1,522,611 shares during the last quarter. 99.09% of the stock is owned by institutional investors and hedge funds.
About CF Industries Holdings
CF Industries Holdings, Inc is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to its industrial customers, and compound fertilizer products (NPKs).
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