CF Industries Holdings Upgraded to “Buy” by Citigroup Inc. (CF)
CF Industries Holdings (NYSE:CF) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Shares of CF Industries Holdings (NYSE:CF) opened at 206.12 on Friday. CF Industries Holdings has a one year low of $169.33 and a one year high of $233.43. The stock’s 50-day moving average is $193. and its 200-day moving average is $189.4. The company has a market cap of $11.807 billion and a P/E ratio of 7.22.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Tuesday, August 6th. The company reported $8.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $7.64 by $0.74. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company posted $8.71 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that CF Industries Holdings will post $24.36 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on CF. Analysts at Zacks reiterated a “neutral” rating on shares of CF Industries Holdings (NYSE:CF) in a research note to investors on Monday, August 19th. They now have a $197.00 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of CF Industries Holdings (NYSE:CF) from $244.00 to $226.00 in a research note to investors on Wednesday, August 14th. They now have an “overweight” rating on the stock. Finally, analysts at Susquehanna cut their price target on shares of CF Industries Holdings (NYSE:CF) from $275.00 to $260.00 in a research note to investors on Thursday, August 8th. They now have a “positive” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. CF Industries Holdings presently has a consensus rating of “Hold” and an average price target of $222.27.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
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