CF Industries Holdings Inc. (CF) Upgraded by Vetr Inc. to Strong-Buy
Vetr upgraded shares of CF Industries Holdings Inc. (NYSE:CF) from a buy rating to a strong-buy rating in a research note released on Monday morning. They currently have $27.03 price objective on the stock.
Several other equities research analysts have also weighed in on CF. Morgan Stanley reiterated a buy rating and set a $30.00 price objective on shares of CF Industries Holdings in a research note on Thursday, June 16th. Barclays PLC dropped their price objective on shares of CF Industries Holdings from $36.00 to $31.00 and set an overweight rating on the stock in a research note on Thursday, June 23rd. Citigroup Inc. dropped their price objective on shares of CF Industries Holdings from $34.00 to $25.00 and set a neutral rating on the stock in a research note on Thursday, July 7th. BMO Capital Markets upgraded shares of CF Industries Holdings from a market perform rating to an outperform rating and set a $28.00 price objective on the stock in a research note on Friday, July 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of CF Industries Holdings from $30.00 to $26.00 and set a sector perform rating on the stock in a research note on Wednesday, July 13th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. CF Industries Holdings presently has a consensus rating of Hold and a consensus target price of $32.71.
Shares of CF Industries Holdings (NYSE:CF) traded down 1.05% during midday trading on Monday, hitting $23.61. The stock had a trading volume of 295,284 shares. CF Industries Holdings has a one year low of $20.77 and a one year high of $54.27. The firm has a 50 day moving average of $24.37 and a 200-day moving average of $27.06. The company has a market cap of $5.50 billion, a P/E ratio of 29.08 and a beta of 1.62.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by $0.35. CF Industries Holdings had a return on equity of 8.04% and a net margin of 4.55%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business posted $1.49 EPS. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. On average, analysts forecast 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 firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was purchased at an average price of $23.25 per share, with a total value of $502,200.00. Following the purchase, the director now owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Credit Capital Investments LLC increased its stake in CF Industries Holdings by 2,349.2% in the second quarter. Credit Capital Investments LLC now owns 7,230,433 shares of the company’s stock worth $7,230,000 after buying an additional 6,935,215 shares during the last quarter. FMR LLC increased its stake in CF Industries Holdings by 17.4% in the second quarter. FMR LLC now owns 24,447,466 shares of the company’s stock worth $589,184,000 after buying an additional 3,630,043 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in CF Industries Holdings during the second quarter worth about $85,368,000. Canada Pension Plan Investment Board increased its stake in CF Industries Holdings by 2,394.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,851,575 shares of the company’s stock worth $58,028,000 after buying an additional 1,777,338 shares during the last quarter. Finally, Glendon Capital Management LP increased its stake in CF Industries Holdings by 248.1% in the second quarter. Glendon Capital Management LP now owns 2,136,211 shares of the company’s stock worth $51,483,000 after buying an additional 1,522,611 shares during the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.
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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