CF Industries (CF) Downgraded to “Neutral” at Citigroup
Citigroup lowered shares of CF Industries (NYSE:CF) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.
A number of other research analysts have also issued reports on the stock. Atlantic Securities lowered shares of CF Industries from a neutral rating to an underweight rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CF Industries from a hold rating to a buy rating and set a $42.00 price objective for the company in a report on Tuesday, November 14th. Stephens initiated coverage on shares of CF Industries in a report on Monday, December 4th. They issued an equal weight rating and a $38.00 price objective for the company. Credit Suisse Group set a $40.00 price objective on shares of CF Industries and gave the company a hold rating in a report on Tuesday, January 16th. Finally, Royal Bank of Canada set a $37.00 price objective on shares of CF Industries and gave the company a sell rating in a report on Thursday, February 15th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $38.14.
CF Industries (CF) opened at $40.38 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70. CF Industries has a fifty-two week low of $25.04 and a fifty-two week high of $45.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, February 15th. CF Industries’s dividend payout ratio is presently 78.95%.
A number of large investors have recently added to or reduced their stakes in CF. First Trust Advisors LP increased its position in CF Industries by 672.3% during the 3rd quarter. First Trust Advisors LP now owns 64,551 shares of the basic materials company’s stock valued at $2,270,000 after purchasing an additional 56,193 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in CF Industries during the 3rd quarter valued at approximately $562,000. Canada Pension Plan Investment Board increased its position in CF Industries by 110.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 137,587 shares of the basic materials company’s stock valued at $4,838,000 after purchasing an additional 72,122 shares during the period. Andra AP fonden acquired a new stake in CF Industries during the 3rd quarter valued at approximately $387,000. Finally, Swiss National Bank increased its position in CF Industries by 1.1% during the 3rd quarter. Swiss National Bank now owns 859,040 shares of the basic materials company’s stock valued at $30,204,000 after purchasing an additional 9,700 shares during the period.
About CF Industries
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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