CF Industries Holdings Inc. (CF) Upgraded at Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The brokerage presently has a $27.03 price objective on the stock. Vetr‘s target price would indicate a potential upside of 13.29% from the company’s current price.
CF has been the topic of a number of other reports. Morgan Stanley restated a “buy” rating and set a $30.00 price target on shares of CF Industries Holdings in a research report on Thursday, June 16th. BMO Capital Markets raised shares of CF Industries Holdings from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research note on Friday, July 8th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of CF Industries Holdings in a research note on Friday, August 5th. Royal Bank Of Canada reduced their target price on shares of CF Industries Holdings from $30.00 to $26.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 13th. Finally, Barclays PLC reduced their target price on shares of CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, August 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.71.
CF Industries Holdings (NYSE:CF) traded down 0.38% during trading on Monday, hitting $23.86. 3,346,556 shares of the stock were exchanged. The stock’s 50 day moving average price is $24.37 and its 200 day moving average price is $27.06. The stock has a market cap of $5.56 billion, a P/E ratio of 29.38 and a beta of 1.62. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $54.27.
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CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.35. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. CF Industries Holdings had a return on equity of 8.04% and a net margin of 4.55%. The business’s revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Analysts forecast that CF Industries Holdings will post $1.06 EPS for the current fiscal year.
In other CF Industries Holdings news, Director Robert C. Arzbaecher bought 21,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The shares were purchased at an average cost of $23.25 per share, with a total value of $502,200.00. Following the purchase, the director now directly owns 88,443 shares in the company, valued at $2,056,299.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Pacer Advisors Inc. boosted its position in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock valued at $101,000 after buying an additional 301 shares during the period. Tower Research Capital LLC TRC boosted its position in CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock valued at $151,000 after buying an additional 5,577 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock valued at $188,000 after buying an additional 7,200 shares during the period. Candriam Luxembourg S.C.A. boosted its position in CF Industries Holdings by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,175 shares of the company’s stock valued at $221,000 after buying an additional 2,030 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in CF Industries Holdings during the second quarter valued at approximately $227,000. 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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