HSBC Holdings plc Initiates Coverage on CF Industries Holdings, Inc. (CF)
HSBC Holdings plc initiated coverage on shares of CF Industries Holdings, Inc. (NYSE:CF) in a research report issued on Wednesday. The brokerage set a “hold” rating and a $36.30 price target on the basic materials company’s stock. HSBC Holdings plc’s price target points to a potential upside of 1.28% from the company’s current price.
Several other research firms have also recently issued reports on CF. BidaskClub cut shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada cut their price objective on shares of CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. ValuEngine cut shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Credit Suisse Group set a $30.00 price objective on shares of CF Industries Holdings and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.87.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share.
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In related news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the sale, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ffcm LLC grew its holdings in shares of CF Industries Holdings by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,772 shares during the period. Financial Architects Inc grew its holdings in shares of CF Industries Holdings by 22.5% during the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 800 shares during the period. Pacer Advisors Inc. grew its holdings in shares of CF Industries Holdings by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 137 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of CF Industries Holdings during the 2nd quarter worth about $126,000. Finally, BT Investment Management Ltd purchased a new stake in shares of CF Industries Holdings during the 2nd quarter worth about $126,000.
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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