CF Industries Holdings, Inc. (CF) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of CF Industries Holdings, Inc. (NYSE:CF) from a sell rating to a hold rating in a research report released on Friday.
According to Zacks, “CF Industries has outperformed the industry it belongs to for the past six months. CF Industries is well placed to gain from its efforts to boost production capacity. It should also benefit from higher nitrogen demand driven by healthy corn plantations. The company is also enjoying the benefit of ample natural gas supply. However, CF Industries anticipates the challenging nitrogen pricing environment to continue through 2017. High supply levels in the global nitrogen market due to capacity additions are affecting prices. Weak prices are expected to hurt margins of CF Industries through 2017. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
Other equities research analysts have also issued research reports about the company. UBS AG reaffirmed a buy rating and issued a $40.00 price target (up previously from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. Barclays PLC reduced their price target on CF Industries Holdings from $31.00 to $29.00 and set an equal weight rating on the stock in a research report on Thursday, July 13th. Piper Jaffray Companies reaffirmed a hold rating and issued a $28.00 price target on shares of CF Industries Holdings in a research report on Tuesday, September 5th. Credit Suisse Group set a $30.00 price target on CF Industries Holdings and gave the company a hold rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $28.00 price target (down previously from $31.00) on shares of CF Industries Holdings in a research report on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $32.87.
Shares of CF Industries Holdings (CF) opened at 36.80 on Friday. CF Industries Holdings has a 12-month low of $22.18 and a 12-month high of $37.17. The company has a 50 day moving average price of $33.42 and a 200 day moving average price of $29.64. The company’s market capitalization is $8.58 billion.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted $0.33 EPS. CF Industries Holdings’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that CF Industries Holdings will post ($0.66) EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Tuesday, November 14th. CF Industries Holdings’s dividend payout ratio (DPR) is presently -75.47%.
In other news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the sale, the vice president now owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CF. Ffcm LLC grew its stake in CF Industries Holdings by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after buying an additional 2,772 shares during the last quarter. Financial Architects Inc grew its stake in CF Industries Holdings by 22.5% during the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock worth $122,000 after buying an additional 800 shares during the last quarter. Pacer Advisors Inc. grew its stake in CF Industries Holdings by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after buying an additional 137 shares during the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries Holdings during the 2nd quarter worth approximately $126,000. Finally, BT Investment Management Ltd purchased a new position in CF Industries Holdings during the 2nd quarter worth approximately $126,000.
CF Industries Holdings Company Profile
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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