CF Industries Holdings, Inc. (CF) Rating Reiterated by UBS AG
CF Industries Holdings, Inc. (NYSE:CF)‘s stock had its “buy” rating reaffirmed by research analysts at UBS AG in a research note issued on Wednesday. They currently have a $40.00 price target on the basic materials company’s stock, up from their previous price target of $33.00. UBS AG’s price target points to a potential upside of 13.03% from the stock’s current price.
Other analysts also recently issued reports about the stock. Credit Suisse Group set a $30.00 price objective on shares of CF Industries Holdings and gave the company a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of CF Industries Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Royal Bank Of Canada cut their target price on shares of CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research note on Friday, July 14th. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets set a $35.00 target price on shares of CF Industries Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.77.
Shares of CF Industries Holdings (NYSE CF) traded down 0.54% during midday trading on Wednesday, hitting $35.20. 1,011,955 shares of the stock were exchanged. The firm’s market cap is $8.21 billion. The firm has a 50-day moving average price of $31.98 and a 200 day moving average price of $29.33. CF Industries Holdings has a 12-month low of $22.00 and a 12-month high of $37.17.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts predict that CF Industries Holdings will post ($0.69) earnings per share for the current fiscal year.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares in the company, valued at $1,883,349.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of CF Industries Holdings during the 1st quarter worth $1,150,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of CF Industries Holdings by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock worth $18,440,000 after buying an additional 9,956 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of CF Industries Holdings by 12,161.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after buying an additional 1,042,220 shares during the period. Finally, Raging Capital Management LLC bought a new stake in shares of CF Industries Holdings during the 1st quarter worth $8,115,000.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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