CF Industries Holdings’s “Equal Weight” Rating Reaffirmed at Barclays (CF)
CF Industries Holdings (NYSE:CF)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Monday. They currently have a $271.00 price target on the stock, up from their previous price target of $269.00. Barclays’ price objective points to a potential upside of 9.77% from the stock’s previous close.
Shares of CF Industries Holdings (NYSE:CF) traded up 0.43% during mid-day trading on Monday, hitting $247.94. The stock had a trading volume of 210,454 shares. CF Industries Holdings has a one year low of $185.63 and a one year high of $267.76. The stock has a 50-day moving average of $247.2 and a 200-day moving average of $245.2. The company has a market cap of $12.315 billion and a P/E ratio of 8.61.
CF Industries Holdings (NYSE:CF) last released its earnings data on Wednesday, August 6th. The company reported $6.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.71 by $0.61. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $8.38 earnings per share. The company’s revenue for the quarter was down 14.1% on a year-over-year basis. On average, analysts predict that CF Industries Holdings will post $19.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, August 14th. This is a boost from CF Industries Holdings’s previous quarterly dividend of $1.00.
A number of other firms have also recently commented on CF. Analysts at Feltl & Co. upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at Scotiabank upgraded shares of CF Industries Holdings from a “sector perform” rating to an “outperform” rating in a research note on Thursday. They now have a $300.00 price target on the stock, up previously from $275.00. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of CF Industries Holdings in a research note on Friday, June 20th. They now have a $300.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $255.00.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
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