CF Industries Holdings Inc. (CF) Rating Lowered to Buy at Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They presently have a $26.27 price target on the stock. Vetr‘s price target indicates a potential upside of 7.66% from the stock’s current price.
A number of other analysts have also commented on the stock. Credit Suisse Group AG set a $26.00 price objective on shares of CF Industries Holdings and gave the stock a “buy” rating in a research report on Sunday, September 18th. Morgan Stanley reissued a “buy” rating and issued a $30.00 price objective on shares of CF Industries Holdings in a research report on Thursday, June 16th. BMO Capital Markets reissued a “buy” rating and issued a $28.00 price objective on shares of CF Industries Holdings in a research report on Friday, August 5th. Citigroup Inc. cut their price objective on shares of CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 10th. Finally, Atlantic Securities lowered shares of CF Industries Holdings from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $35.00 to $24.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. CF Industries Holdings presently has a consensus rating of “Hold” and a consensus price target of $32.66.
CF Industries Holdings (NYSE:CF) opened at 24.40 on Monday. CF Industries Holdings has a 1-year low of $20.77 and a 1-year high of $54.27. The firm has a 50-day moving average of $24.23 and a 200 day moving average of $27.32. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 30.05 and a beta of 1.62.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The company earned $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $1.49 EPS. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. Analysts expect that CF Industries Holdings will post $1.06 earnings per share for the current fiscal year.
In other news, Director Robert C. Arzbaecher acquired 21,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was acquired at an average price of $23.25 per share, with a total value of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.84% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock valued at $101,000 after buying an additional 301 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock worth $151,000 after buying an additional 5,577 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock worth $188,000 after buying an additional 7,200 shares during the period. Candriam Luxembourg S.C.A. boosted its position in CF Industries Holdings by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,175 shares of the company’s stock worth $221,000 after buying an additional 2,030 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in CF Industries Holdings during the second quarter worth approximately $227,000. 99.09% of the stock is owned by institutional investors and hedge funds.
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).
To view Vetr’s full report, visit Vetr’s official website.
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