CF Industries Holdings Inc. (CF) Sees Unusually-High Trading Volume
CF Industries Holdings Inc. (NYSE:CF) shares saw strong trading volume on Tuesday . 9,545,884 shares changed hands during trading, an increase of 29% from the previous session’s volume of 7,397,616 shares.The stock last traded at $25.99 and had previously closed at $24.98.
A number of equities research analysts have weighed in on the company. Vetr raised CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 price objective on the stock in a report on Monday, June 27th. JPMorgan Chase & Co. raised CF Industries Holdings from a “not rated” rating to a “neutral” rating and set a $29.00 price objective on the stock in a report on Thursday, June 2nd. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $30.00 price objective on shares of CF Industries Holdings in a report on Friday, June 3rd. Barclays PLC decreased their price objective on CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, June 23rd. Finally, Citigroup Inc. decreased their price objective on CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. CF Industries Holdings has a consensus rating of “Hold” and a consensus target price of $33.43.
The company’s 50 day moving average is $24.51 and its 200 day moving average is $29.04. The firm has a market capitalization of $5.96 billion and a P/E ratio of 31.4845.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.35. During the same quarter in the previous year, the firm posted $1.49 EPS. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings Inc. will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.62%.
In other news, Director Robert C. Arzbaecher purchased 21,600 shares of CF Industries Holdings stock in a transaction that occurred on Tuesday, August 16th. The shares were acquired at an average price of $23.25 per share, for a total transaction of $502,200.00. Following the transaction, the director now owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in CF Industries Holdings stock. American International Group Inc. increased its position in shares of CF Industries Holdings Inc. (NYSE:CF) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,050 shares of the company’s stock after buying an additional 1,803 shares during the period. American International Group Inc.’s holdings in CF Industries Holdings were worth $4,084,000 at the end of the most recent reporting period.
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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