CF Industries Holdings Inc. (CF) Cut to “Strong Sell” at Vetr Inc.
Vetr cut shares of CF Industries Holdings Inc. (NYSE:CF) from a sell rating to a strong sell rating in a research report sent to investors on Monday. Vetr currently has $23.58 price target on the stock.
A number of other analysts also recently weighed in on CF. Atlantic Securities downgraded CF Industries Holdings from an overweight rating to a neutral rating and dropped their target price for the stock from $35.00 to $24.00 in a research report on Friday, August 5th. Morgan Stanley set a $24.00 price objective on CF Industries Holdings and gave the company a hold rating in a research report on Friday, August 5th. Credit Suisse Group AG reiterated a buy rating on shares of CF Industries Holdings in a research report on Friday, August 5th. BMO Capital Markets reiterated a buy rating and issued a $28.00 price objective on shares of CF Industries Holdings in a research report on Friday, August 5th. Finally, Citigroup Inc. lowered their price objective on CF Industries Holdings from $25.00 to $24.00 and set a neutral rating for the company in a research report on Wednesday, August 10th. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $27.79.
CF Industries Holdings (NYSE:CF) opened at 28.94 on Monday. CF Industries Holdings has a one year low of $20.77 and a one year high of $46.67. The company has a 50 day moving average price of $25.63 and a 200-day moving average price of $25.57. The company has a market capitalization of $6.75 billion, a PE ratio of 96.47 and a beta of 1.32.
CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.11. The company earned $680 million during the quarter, compared to the consensus estimate of $805.58 million. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. CF Industries Holdings’s quarterly revenue was down 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. Analysts expect that CF Industries Holdings will post $0.78 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. CF Industries Holdings’s dividend payout ratio is currently 413.79%.
Several large investors have recently added to or reduced their stakes in CF. Credit Capital Investments LLC boosted 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 in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in CF Industries Holdings by 341.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 6,574,800 shares of the company’s stock worth $160,096,000 after buying an additional 5,086,100 shares in the last quarter. Capital World Investors bought a new stake in CF Industries Holdings during the third quarter worth approximately $113,228,000. FMR LLC boosted 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 in the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in CF Industries Holdings during the second quarter worth approximately $85,368,000. 98.73% of the stock is currently 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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