Susquehanna Lowers CF Industries Holdings Price Target to $290.00 (CF)
Equities researchers at Susquehanna dropped their price target on shares of CF Industries Holdings (NYSE:CF) from $300.00 to $290.00 in a research report issued on Thursday, AnalystRatings.NET reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 16.94% from the stock’s previous close.
CF Industries Holdings (NYSE:CF) traded down 2.47% during mid-day trading on Thursday, hitting $241.875. The stock had a trading volume of 303,606 shares. CF Industries Holdings has a 52 week low of $169.33 and a 52 week high of $267.76. The stock’s 50-day moving average is $247.4 and its 200-day moving average is $237.0. The company has a market cap of $12.595 billion and a P/E ratio of 8.03. CF Industries Holdings also saw unusually large options trading on Tuesday. Investors purchased 18,578 call options on the stock. This is an increase of approximately 768% compared to the average volume of 2,140 call options.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, May 7th. The company reported $4.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $4.54 by $0.03. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company posted $6.03 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. Analysts expect that CF Industries Holdings will post $19.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, May 14th.
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 in a research note on Wednesday. They now have a $261.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of CF Industries Holdings from $215.00 to $240.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating in a research note on Monday. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. CF Industries Holdings currently has an average rating of “Hold” and a consensus target price of $248.25.
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.