CF Industries Holdings Inc. (CF) Rating Lowered to Buy at Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday. They presently have a $26.27 price objective on the stock. Vetr‘s price objective points to a potential upside of 9.69% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group AG set a $26.00 target price on shares of CF Industries Holdings and gave the company a “buy” rating in a research note on Sunday, September 18th. Morgan Stanley reaffirmed a “buy” rating and issued a $30.00 price objective 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 price objective on shares of CF Industries Holdings in a research note on Friday, August 5th. Citigroup Inc. reduced their price objective on shares of CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 10th. Finally, Atlantic Securities lowered shares of CF Industries Holdings from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $24.00 in a research note on Friday, August 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.66.
Shares of CF Industries Holdings (NYSE:CF) traded down 2.88% during mid-day trading on Monday, hitting $23.95. The stock had a trading volume of 3,901,504 shares. The stock has a 50-day moving average price of $24.35 and a 200 day moving average price of $27.21. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $54.27. The stock has a market cap of $5.58 billion, a P/E ratio of 29.50 and a beta of 1.62.
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CF Industries Holdings (NYSE:CF) last issued its earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.35. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the business earned $1.49 EPS. On average, equities analysts forecast that CF Industries Holdings will post $1.06 EPS for the current fiscal year.
In other news, Director Robert C. Arzbaecher purchased 21,600 shares of CF Industries Holdings 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 in the company, valued at $2,056,299.75. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CF. FMR LLC raised its position in CF Industries Holdings by 17.4% in the second quarter. FMR LLC now owns 24,447,466 shares of the company’s stock worth $589,184,000 after buying an additional 3,630,043 shares during the period. Vanguard Group Inc. raised its position in CF Industries Holdings by 3.0% in the second quarter. Vanguard Group Inc. now owns 21,645,472 shares of the company’s stock worth $521,656,000 after buying an additional 632,198 shares during the period. State Street Corp raised its position in CF Industries Holdings by 5.6% in the first quarter. State Street Corp now owns 10,842,394 shares of the company’s stock worth $339,791,000 after buying an additional 571,479 shares during the period. Credit Capital Investments LLC raised its position 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 worth $7,230,000 after buying an additional 6,935,215 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in CF Industries Holdings by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 6,054,066 shares of the company’s stock worth $145,903,000 after buying an additional 67,936 shares during the period. Hedge funds and other institutional investors own 99.09% of the company’s stock.
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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