CF Industries Holdings Inc. (CF) Shares Up 3.7%
CF Industries Holdings Inc. (NYSE:CF) shares shot up 3.7% during trading on Monday . The company traded as high as $24.94 and last traded at $24.87, with a volume of 2,418,958 shares trading hands. The stock had previously closed at $23.98.
A number of research firms recently commented on CF. Morgan Stanley set a $24.00 price objective on shares of CF Industries Holdings and gave the company a “hold” rating in a research note on Friday, August 5th. Vetr upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating and set a $31.86 price target on the stock in a research report on Monday, June 13th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $30.00 price target on shares of CF Industries Holdings in a research report on Friday, June 3rd. Credit Suisse Group AG restated a “buy” rating on shares of CF Industries Holdings in a research report on Thursday, June 2nd. Finally, Scotiabank lowered shares of CF Industries Holdings from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $33.43.
The firm’s 50-day moving average price is $24.46 and its 200-day moving average price is $29.11. The firm has a market cap of $5.82 billion and a price-to-earnings ratio of 30.76.
CF Industries Holdings (NYSE:CF) last posted 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. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $1.49 earnings per share. CF Industries Holdings’s revenue was down 13.5% compared to the same quarter last year. Analysts forecast that CF Industries Holdings Inc. will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, August 11th.
In other news, Director Robert C. Arzbaecher bought 21,600 shares of the stock in a transaction 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 completion of the purchase, the director now owns 88,443 shares of the company’s stock, valued at $2,056,299.75. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
A number of large investors have recently modified their holdings of the stock. American International Group Inc. increased its stake in shares of CF Industries Holdings by 1.8% in the fourth quarter. American International Group Inc. now owns 100,050 shares of the company’s stock valued at $4,084,000 after buying an additional 1,803 shares during the last quarter. Principal Financial Group Inc. boosted its position in CF Industries Holdings by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 349,747 shares of the company’s stock valued at $14,273,000 after buying an additional 3,233 shares during the period. Finally, BlackRock Advisors LLC boosted its position in CF Industries Holdings by 46.4% in the fourth quarter. BlackRock Advisors LLC now owns 485,294 shares of the company’s stock valued at $19,805,000 after buying an additional 153,900 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).
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