CF Industries Holdings Inc. (CF) Reaches New 12-Month Low at $22.75
CF Industries Holdings Inc. (NYSE:CF)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.75 and last traded at $23.54, with a volume of 2,280,783 shares changing hands. The stock had previously closed at $23.54.
CF has been the topic of several research analyst reports. Barclays PLC reiterated an “overweight” rating and set a $40.00 price target (down from $43.00) on shares of CF Industries Holdings in a research report on Friday, April 22nd. Piper Jaffray Cos. cut CF Industries Holdings from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $40.00 to $34.00 in a report on Monday, March 28th. Citigroup Inc. decreased their target price on CF Industries Holdings from $34.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday. Vetr upgraded CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $35.53 target price on the stock in a report on Monday, May 9th. Finally, Zacks Investment Research upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. CF Industries Holdings has an average rating of “Hold” and a consensus target price of $37.53.
The company has a market capitalization of $5.48 billion and a P/E ratio of 11.16. The firm has a 50 day moving average price of $27.42 and a 200 day moving average price of $31.56.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The firm earned $1,000 million during the quarter, compared to the consensus estimate of $862.38 million. During the same period last year, the firm earned $4.79 EPS. CF Industries Holdings’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that CF Industries Holdings Inc. will post $1.93 EPS for the current fiscal year.
In other news, Director Robert C. Arzbaecher bought 17,275 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was acquired at an average cost of $28.10 per share, for a total transaction of $485,427.50. Following the purchase, the director now owns 66,843 shares of the company’s stock, valued at approximately $1,878,288.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D. Bohn bought 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was purchased at an average price of $27.92 per share, with a total value of $349,000.00. Following the completion of the purchase, the vice president now directly owns 31,718 shares in the company, valued at approximately $885,566.56. The disclosure for this purchase can be found here.
A number of large investors have recently modified their holdings of the stock. Russell Frank Co increased its stake in shares of CF Industries Holdings by 70.5% in the fourth quarter. Russell Frank Co now owns 445,801 shares of the company’s stock valued at $18,348,000 after buying an additional 184,390 shares during the period. S&T Bank PA increased its stake in shares of CF Industries Holdings by 2.6% in the fourth quarter. S&T Bank PA now owns 284,531 shares of the company’s stock valued at $11,612,000 after buying an additional 7,174 shares during the period. TD Asset Management Inc. increased its stake in shares of CF Industries Holdings by 1.6% in the fourth quarter. TD Asset Management Inc. now owns 108,775 shares of the company’s stock valued at $4,439,000 after buying an additional 1,700 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of CF Industries Holdings during the fourth quarter valued at about $9,205,000. Finally, Vanguard Group Inc. increased its stake in shares of CF Industries Holdings by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 19,917,109 shares of the company’s stock valued at $812,817,000 after buying an additional 623,531 shares during the 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).