CF Industries Holdings Downgraded by Barclays to “Equal Weight” (CF)
CF Industries Holdings (NYSE:CF) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, AnalystRatings.NET reports. They currently have a $267.00 target price on the stock. Barclays’ target price suggests a potential upside of 4.54% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of CF Industries Holdings (NYSE:CF) traded down 2.06% on Thursday, hitting $250.144. The stock had a trading volume of 311,407 shares. CF Industries Holdings has a one year low of $169.33 and a one year high of $267.76. The stock has a 50-day moving average of $253.8 and a 200-day moving average of $231.2. The company has a market cap of $13.874 billion and a price-to-earnings ratio of 10.32.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Thursday, February 27th. The company reported $5.71 earnings per share for the quarter, beating the analysts’ 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 $19.64 EPS for the current fiscal year.
A number of other firms have also recently commented on CF. Analysts at Citic Securities Co., Ltd downgraded shares of CF Industries Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $267.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of CF Industries Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, April 3rd. They now have a $267.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital raised their price target on shares of CF Industries Holdings from $230.00 to $260.00 in a research note on Monday, March 10th. They now have an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $248.12.
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.