CF Industries Holdings Inc. (CF) Lifted to “Buy” at Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $24.08 price objective on the stock. Vetr‘s price target would suggest a potential upside of 4.56% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Credit Suisse Group AG reissued a “buy” rating on shares of CF Industries Holdings in a research note on Thursday, June 2nd. Morgan Stanley reaffirmed a “buy” rating and issued a $30.00 target price on shares of CF Industries Holdings in a research note on Thursday, June 16th. BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 target price on shares of CF Industries Holdings in a research note on Friday, August 5th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $30.00 target price on shares of CF Industries Holdings in a research note on Friday, June 3rd. Finally, JPMorgan Chase & Co. raised shares of CF Industries Holdings from a “not rated” rating to a “neutral” rating and set a $29.00 target price on the stock in a research note on Thursday, June 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.53.
CF Industries Holdings (NYSE:CF) traded down 1.16% during mid-day trading on Wednesday, hitting $23.03. 8,173,524 shares of the stock traded hands. The stock has a market capitalization of $5.37 billion, a PE ratio of 28.36 and a beta of 1.85. CF Industries Holdings has a one year low of $20.77 and a one year high of $54.27. The company has a 50 day moving average price of $23.95 and a 200-day moving average price of $28.12.
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CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.68 by $0.35. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. CF Industries Holdings had a return on equity of 8.04% and a net margin of 4.55%. The company’s revenue was down 13.5% compared to the same quarter last year. During the same period last year, the business posted $1.49 earnings per share. Equities analysts anticipate that CF Industries Holdings will post $1.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Thursday, August 11th. CF Industries Holdings’s dividend payout ratio (DPR) is 148.15%.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $23.25 per share, with a total value of $502,200.00. Following the transaction, the director now owns 88,443 shares in the company, valued at $2,056,299.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.84% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Credit Capital Investments LLC raised its stake in CF Industries Holdings by 2,349.2% in the second quarter. Credit Capital Investments LLC now owns 7,230,433 shares of the company’s stock valued at $7,230,000 after buying an additional 6,935,215 shares during the last quarter. FMR LLC raised its stake in CF Industries Holdings by 17.4% in the second quarter. FMR LLC now owns 24,447,466 shares of the company’s stock valued at $589,184,000 after buying an additional 3,630,043 shares during the last quarter. Thornburg Investment Management Inc. acquired a new stake in CF Industries Holdings during the second quarter valued at approximately $85,368,000. Norges Bank acquired a new stake in CF Industries Holdings during the fourth quarter valued at approximately $84,940,000. Finally, Canada Pension Plan Investment Board raised its stake in CF Industries Holdings by 2,394.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,851,575 shares of the company’s stock valued at $58,028,000 after buying an additional 1,777,338 shares during the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.
About CF Industries Holdings
CF Industries Holdings, Inc is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to its industrial customers, and compound fertilizer products (NPKs).
To view Vetr’s full report, visit Vetr’s official website.
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