CF Industries Holdings Rating Increased to Buy at Raymond James (CF)
CF Industries Holdings (NYSE:CF) was upgraded by investment analysts at Raymond James to a “buy” rating in a note issued to investors on Thursday, Analyst RN reports. The firm currently has a $261.00 price target on the stock, up from their previous price target of $259.00. Raymond James’ target price indicates a potential upside of 9.84% from the company’s current price.
The analysts wrote, “CF delivered solid 4Q results and has hedged the majority of its natural gas exposure on attractive terms through 1H14. News sent shares up 5%, net of an intraday correction of 3-4% as management revealed on the call that it is unlikely to pursue an MLP conversion, at least for existing nitrogen fertilizer assets.”
Shares of CF Industries Holdings (NYSE:CF) traded up 0.96% on Thursday, hitting $239.91. 153,715 shares of the company’s stock traded hands. CF Industries Holdings has a 1-year low of $169.33 and a 1-year high of $249.60. The stock has a 50-day moving average of $235.1 and a 200-day moving average of $216.0. The company has a market cap of $13.750 billion and a price-to-earnings ratio of 8.98.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Thursday, February 27th. The company reported $5.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.52 by $1.19. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.25 billion. Analysts expect that CF Industries Holdings will post $19.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, February 12th.
CF has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of CF Industries Holdings from $260.00 to $270.00 in a research note on Tuesday, January 28th. They now have a “positive” rating on the stock. Separately, analysts at BGC Financial upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Finally, analysts at BMO Capital Markets raised their price target on shares of CF Industries Holdings from $194.00 to $215.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. CF Industries Holdings presently has a consensus rating of “Hold” and an average target price of $233.63.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.