CF Industries Holdings Rating Lowered to Sector Perform at Scotiabank (CF)
CF Industries Holdings (NYSE:CF) was downgraded by research analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating in a report released on Thursday, Stock Ratings Network.com reports. They currently have a $234.00 price target on the stock. Scotiabank’s target price points to a potential downside of 1.29% from the stock’s previous close.
A number of other analysts have also recently weighed in on CF. Analysts at Goldman Sachs Group Inc. upgraded shares of CF Industries Holdings from a “sell” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $232.00 price target on the stock, up previously from $184.00. Separately, analysts at RBC Capital initiated coverage on shares of CF Industries Holdings in a research note to investors on Wednesday. They set a “sector perform” rating and a $235.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of CF Industries Holdings in a research note to investors on Monday, November 11th. They now have a $230.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. CF Industries Holdings currently has an average rating of “Hold” and an average target price of $231.18.
Shares of CF Industries Holdings (NYSE:CF) traded down 0.73% during mid-day trading on Thursday, hitting $235.34. 1,255,682 shares of the company’s stock traded hands. CF Industries Holdings has a 52-week low of $169.33 and a 52-week high of $237.43. The stock’s 50-day moving average is $215.6 and its 200-day moving average is $198.0. The company has a market cap of $13.488 billion and a price-to-earnings ratio of 8.96.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Tuesday, November 5th. The company reported $4.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.97 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $6.35 earnings per share. The company’s quarterly revenue was down 19.3% on a year-over-year basis. On average, analysts predict that CF Industries Holdings will post $23.16 earnings per share for the current fiscal year.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
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