Wood & Company Downgrades CF Industries Holdings Inc. (CF) to Underperform
CF Industries Holdings Inc. (NYSE:CF) was downgraded by equities researchers at Wood & Company to an “underperform” rating in a research note issued to investors on Tuesday.
Several other brokerages also recently weighed in 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. Vetr downgraded shares of CF Industries Holdings from a “strong-buy” rating to a “buy” rating and set a $26.00 target price on the stock. in a research note on Wednesday, August 17th. RBC Capital Markets downgraded shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research note on Tuesday. They noted that the move was a valuation call. 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. Finally, Royal Bank Of Canada downgraded shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 target price on the stock. in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.09.
Shares of CF Industries Holdings (NYSE:CF) opened at 28.38 on Tuesday. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 94.60 and a beta of 1.32. The stock’s 50 day moving average is $25.28 and its 200-day moving average is $25.65. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $46.75.
CF Industries Holdings (NYSE:CF) last issued its earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.11. CF Industries Holdings had a net margin of 1.77% and a return on equity of 5.94%. The firm earned $680 million during the quarter, compared to analyst estimates of $805.58 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. CF Industries Holdings’s revenue for the quarter was down 26.7% on a year-over-year basis. On average, equities analysts anticipate that CF Industries Holdings will post $0.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Thursday, November 10th. CF Industries Holdings’s dividend payout ratio (DPR) is presently 413.79%.
A number of institutional investors have recently bought and sold shares of CF. Price T Rowe Associates Inc. MD raised its position in CF Industries Holdings by 6.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,312,966 shares of the company’s stock worth $275,471,000 after buying an additional 713,317 shares in the last quarter. OLD Republic International Corp acquired a new position in CF Industries Holdings during the third quarter worth about $17,780,000. First Dallas Securities Inc. acquired a new position in CF Industries Holdings during the third quarter worth about $1,017,000. Candriam Luxembourg S.C.A. raised its position in CF Industries Holdings by 166.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 24,413 shares of the company’s stock worth $594,000 after buying an additional 15,238 shares in the last quarter. Finally, Dai Ichi Life Holdings Inc. acquired a new position in CF Industries Holdings during the third quarter worth about $4,315,000. 97.14% of the stock is owned by institutional investors.
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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