CF Industries Holdings, Inc. (CF) PT Set at $30.00 by Credit Suisse Group
CF Industries Holdings, Inc. (NYSE:CF) received a $30.00 price target from equities researchers at Credit Suisse Group in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the basic materials company’s stock. Credit Suisse Group’s target price points to a potential downside of 6.86% from the company’s current price.
Several other research firms have also recently commented on CF. Cowen and Company set a $30.00 target price on CF Industries Holdings and gave the company a “hold” rating in a research note on Thursday, May 4th. BidaskClub cut CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut CF Industries Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada reduced their target price on CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research note on Friday, July 14th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $31.00 target price (down from $32.00) on shares of CF Industries Holdings in a research note on Sunday, May 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CF Industries Holdings currently has an average rating of “Hold” and a consensus target price of $32.58.
Shares of CF Industries Holdings (NYSE CF) opened at 32.21 on Friday. CF Industries Holdings has a 12-month low of $20.77 and a 12-month high of $37.17. The firm’s market cap is $7.52 billion. The firm’s 50-day moving average is $28.62 and its 200-day moving average is $29.74.
CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. Equities analysts expect that CF Industries Holdings will post ($0.38) earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Alethea Capital Management LLC acquired a new position in shares of CF Industries Holdings during the second quarter worth approximately $4,664,000. Federated Investors Inc. PA boosted its position in shares of CF Industries Holdings by 31.4% in the second quarter. Federated Investors Inc. PA now owns 166,796 shares of the basic materials company’s stock valued at $4,663,000 after buying an additional 39,817 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of CF Industries Holdings during the second quarter valued at $241,000. Cadence Capital Management LLC boosted its position in shares of CF Industries Holdings by 1.2% in the second quarter. Cadence Capital Management LLC now owns 138,857 shares of the basic materials company’s stock valued at $3,882,000 after buying an additional 1,582 shares in the last quarter. Finally, Peddock Capital Advisors LLC boosted its position in shares of CF Industries Holdings by 1.6% in the second quarter. Peddock Capital Advisors LLC now owns 16,907 shares of the basic materials company’s stock valued at $473,000 after buying an additional 268 shares in the last quarter.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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