CF Industries Holdings Inc. (CF) Lowered to “Strong Sell” at Vetr Inc.
Vetr cut shares of CF Industries Holdings Inc. (NYSE:CF) from a sell rating to a strong sell rating in a research note released on Monday morning. Vetr currently has $23.58 price objective on the stock.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group AG set a $26.00 price target on shares of CF Industries Holdings and gave the company a buy rating in a report on Sunday, September 18th. RBC Capital Markets lowered shares of CF Industries Holdings from a sector perform rating to an underperform rating and set a $22.00 price target for the company. in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Citigroup Inc. reduced their price objective on shares of CF Industries Holdings from $25.00 to $24.00 and set a neutral rating for the company in a research note on Wednesday, August 10th. Wood & Company lowered shares of CF Industries Holdings to an underperform rating in a research note on Tuesday, November 22nd. Finally, Royal Bank Of Canada lowered shares of CF Industries Holdings from a sector perform rating to an underperform rating and set a $22.00 price objective for the company. in a research note on Tuesday, November 22nd. Seven equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. CF Industries Holdings currently has a consensus rating of Hold and an average target price of $27.79.
CF Industries Holdings (NYSE:CF) opened at 28.19 on Monday. The company has a market capitalization of $6.57 billion, a P/E ratio of 93.97 and a beta of 1.32. The firm has a 50-day moving average of $25.52 and a 200 day moving average of $25.57. 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 posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.13 EPS for the quarter, beating the 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 business earned $680 million during the quarter, compared to analyst estimates of $805.58 million. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was down 26.7% compared to the same quarter last year. Equities analysts predict that CF Industries Holdings will post $0.78 earnings per share for the current fiscal year.
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The company 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 4.23%. The ex-dividend date is Thursday, November 10th. CF Industries Holdings’s dividend payout ratio is currently 413.79%.
Several large investors have recently made changes to their positions in the stock. Glendon Capital Management LP raised its stake in shares of 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 in the last quarter. Hanlon Investment Management Inc. purchased a new stake in shares of CF Industries Holdings during the second quarter worth about $4,006,000. Nordea Investment Management AB raised its stake in shares of CF Industries Holdings by 25.9% in the second quarter. Nordea Investment Management AB now owns 294,508 shares of the company’s stock worth $7,098,000 after buying an additional 60,501 shares in the last quarter. First Trust Advisors LP raised its stake in shares of CF Industries Holdings by 352.1% in the third quarter. First Trust Advisors LP now owns 620,284 shares of the company’s stock worth $15,104,000 after buying an additional 483,070 shares in the last quarter. Finally, Round Table Services LLC purchased a new stake in shares of CF Industries Holdings during the second quarter worth about $241,000. 98.73% of the stock is owned by hedge funds and other 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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