CF Industries Holdings Inc. (CF) Receives $28.67 Consensus Price Target from Analysts
Shares of CF Industries Holdings Inc. (NYSE:CF) have earned an average rating of “Hold” from the eighteen analysts that are presently covering the firm. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $28.67.
Several research analysts have commented on CF shares. Vetr lowered shares of CF Industries Holdings from a “hold” rating to a “sell” rating and set a $24.08 price objective for the company. in a report on Monday, September 12th. Morgan Stanley set a $24.00 price target on shares of CF Industries Holdings and gave the stock a “hold” rating in a research note on Friday, August 5th. Royal Bank Of Canada decreased their price target on shares of CF Industries Holdings from $30.00 to $26.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 13th. Credit Suisse Group AG reiterated a “buy” rating on shares of CF Industries Holdings in a research note on Friday, August 5th. Finally, Barclays PLC decreased their price target on shares of CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th.
In other CF Industries Holdings news, Director Robert C. Arzbaecher acquired 21,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average price of $23.25 per share, with a total value of $502,200.00. Following the completion of the acquisition, the director now owns 88,443 shares in the company, valued at approximately $2,056,299.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock worth $101,000 after buying an additional 301 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock worth $151,000 after buying an additional 5,577 shares during the last quarter. Point72 Asia Hong Kong Ltd boosted its stake in CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock worth $188,000 after buying an additional 7,200 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in CF Industries Holdings by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,175 shares of the company’s stock worth $221,000 after buying an additional 2,030 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in CF Industries Holdings during the second quarter worth approximately $227,000. 99.09% of the stock is currently owned by institutional investors.
Shares of CF Industries Holdings (NYSE:CF) opened at 22.92 on Monday. The firm has a 50-day moving average of $24.31 and a 200 day moving average of $27.00. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $54.27. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 28.23 and a beta of 1.62.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a return on equity of 8.04% and a net margin of 4.55%. The company earned $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company posted $1.49 earnings per share. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, analysts expect that CF Industries Holdings will post $1.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend is Thursday, November 10th. CF Industries Holdings’s payout ratio is 148.15%.
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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