Stephens Begins Coverage on CF Industries (CF)
Stephens assumed coverage on shares of CF Industries (NYSE:CF) in a research report released on Monday, MarketBeat.com reports. The brokerage issued an equal weight rating and a $38.00 price target on the basic materials company’s stock.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised CF Industries from a sell rating to a hold rating in a research note on Friday, October 13th. Royal Bank Of Canada raised their price target on CF Industries from $23.00 to $27.00 and gave the company an underperform rating in a research report on Tuesday, October 17th. Piper Jaffray Companies restated a hold rating and set a $28.00 price target on shares of CF Industries in a research report on Tuesday, September 5th. assumed coverage on CF Industries in a research report on Wednesday, October 11th. They set a hold rating and a $36.30 price target on the stock. Finally, Atlantic Securities downgraded CF Industries from a neutral rating to an underweight rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $34.95.
Shares of CF Industries (NYSE:CF) opened at $36.55 on Monday. CF Industries has a 52 week low of $25.04 and a 52 week high of $39.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51.
CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. CF Industries’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. sell-side analysts predict that CF Industries will post -0.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.28%. CF Industries’s payout ratio is -65.57%.
In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at $1,830,744. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bert A. Frost sold 7,500 shares of CF Industries stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sentry Investment Management LLC increased its holdings in shares of CF Industries by 1.0% in the second quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock worth $472,000 after buying an additional 160 shares during the period. Louisiana State Employees Retirement System increased its holdings in CF Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the basic materials company’s stock valued at $405,000 after purchasing an additional 200 shares during the period. Argent Trust Co increased its holdings in CF Industries by 3.0% during the 2nd quarter. Argent Trust Co now owns 7,545 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 223 shares during the period. Peddock Capital Advisors LLC increased its holdings in CF Industries by 1.6% during the 2nd quarter. Peddock Capital Advisors LLC now owns 16,907 shares of the basic materials company’s stock valued at $473,000 after purchasing an additional 268 shares during the period. Finally, IFP Advisors Inc increased its holdings in CF Industries by 2.7% during the 2nd quarter. IFP Advisors Inc now owns 11,666 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 309 shares during the period.
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CF Industries 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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