CF Industries Holdings Inc. (CF) Upgraded to “Buy” at Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $24.08 target price on the stock. Vetr‘s target price would suggest a potential upside of 4.56% from the company’s current price.
Several other brokerages have also issued reports on CF. Citigroup Inc. reduced their price target on CF Industries Holdings from $34.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Barclays PLC reduced their price target on CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, June 23rd. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $30.00 price target on shares of CF Industries Holdings in a report on Friday, June 3rd. Atlantic Securities lowered CF Industries Holdings from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $24.00 in a report on Friday, August 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price target on shares of CF Industries Holdings in a report on Wednesday, May 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. CF Industries Holdings currently has a consensus rating of “Hold” and a consensus 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 were exchanged. The company has a market cap of $5.37 billion, a P/E 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 released its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm earned $1.49 EPS. The company’s revenue was down 13.5% compared to the same quarter last year. On average, analysts predict that CF Industries Holdings will post $1.06 earnings per share for the current fiscal year.
The business also recently declared 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 related news, Director Robert C. Arzbaecher purchased 21,600 shares of the stock in a transaction on Tuesday, August 16th. The shares were purchased at an average cost of $23.25 per share, for a total transaction of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares of the company’s stock, valued at approximately $2,056,299.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.84% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in CF. Wellington Management Group LLP raised its position in CF Industries Holdings by 92.4% in the first quarter. Wellington Management Group LLP now owns 1,501,426 shares of the company’s stock worth $47,054,000 after buying an additional 721,177 shares in the last quarter. Nordea Investment Management AB raised its position in CF Industries Holdings by 25.9% in the second quarter. Nordea Investment Management AB now owns 294,508 shares of the company’s stock worth $7,098,000 after buying an additional 60,501 shares in the last quarter. Round Table Services LLC acquired a new position in CF Industries Holdings during the second quarter worth approximately $241,000. A.R.T. Advisors LLC acquired a new position in CF Industries Holdings during the first quarter worth approximately $2,639,000. Finally, Anchor Bolt Capital LP raised its position in CF Industries Holdings by 11.1% in the first quarter. Anchor Bolt Capital LP now owns 2,388,127 shares of the company’s stock worth $74,844,000 after buying an additional 238,946 shares in the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.
CF Industries Holdings Company Profile
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).
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