CF Industries Holdings Receives Average Rating of “Buy” from Analysts (NYSE:CF)
CF Industries Holdings (NYSE:CF) has received a consensus recommendation of “Buy” from the eighteen brokerages that are covering the stock, ARN reports. Seven research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $254.57.
CF Industries Holdings (NYSE:CF) opened at 246.95 on Tuesday. CF Industries Holdings has a 52-week low of $185.63 and a 52-week high of $267.76. The stock has a 50-day moving average of $247.2 and a 200-day moving average of $245.3. The company has a market cap of $12.266 billion and a price-to-earnings ratio of 8.62.
CF Industries Holdings (NYSE:CF) last released its earnings data on Wednesday, August 6th. The company reported $6.10 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $8.38 earnings per share. The company’s quarterly revenue was down 14.1% on a year-over-year basis. Analysts expect that CF Industries Holdings will post $19.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend 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 research firms have recently commented on CF. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CF Industries Holdings in a research note on Monday. They now have a $256.00 price target on the stock, down previously from $262.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of CF Industries Holdings in a research note on Monday. They now have a $271.00 price target on the stock, up previously from $269.00. Finally, analysts at Feltl & Co. upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating in a research note on Friday.
CF Industries Holdings, Inc is a manufacturer and distributor of nitrogen and phosphate fertilizer products worldwide.
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