CF Industries Holdings, Inc. (CF) Stock Rating Upgraded by Zacks Investment Research
CF Industries Holdings, Inc. (NYSE:CF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “CF Industries saw lower profits in the second quarter of 2017. Adjusted earnings, however, beat the Zacks Consensus Estimate. Revenues fell modestly year over year, but beat expectations. CF Industries is well placed to gain from its efforts to boost production capacity. It should also benefit from higher nitrogen demand driven by healthy corn plantations. The company's nitrogen business is also enjoying the benefit of abundant natural gas supply. However, CF Industries has underperformed the industry it belongs to for the past six months. CF Industries anticipates the challenging nitrogen pricing environment to continue through 2017. High supply levels in the global nitrogen market due to capacity additions are hurting prices. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
CF has been the subject of several other research reports. Royal Bank Of Canada decreased their price objective on CF Industries Holdings from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Friday, May 5th. ValuEngine raised CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. UBS AG raised CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, May 5th. Barclays PLC cut their price target on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating for the company in a research note on Thursday, July 13th. Finally, Piper Jaffray Companies restated a “hold” rating on shares of CF Industries Holdings in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. CF Industries Holdings currently has a consensus rating of “Hold” and a consensus target price of $32.58.
Shares of CF Industries Holdings (NYSE:CF) traded down 0.40% during mid-day trading on Wednesday, reaching $30.18. The company’s stock had a trading volume of 1,663,790 shares. The firm’s market cap is $7.04 billion. The firm’s 50-day moving average price is $29.60 and its 200 day moving average price is $29.50. CF Industries Holdings has a 12-month low of $22.00 and a 12-month high of $37.17.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, analysts expect that CF Industries Holdings will post ($0.70) EPS for the current year.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in CF Industries Holdings by 67.9% in the first quarter. Russell Investments Group Ltd. now owns 77,386 shares of the basic materials company’s stock worth $2,272,000 after buying an additional 31,294 shares during the period. First Mercantile Trust Co. raised its stake in CF Industries Holdings by 22.4% in the first quarter. First Mercantile Trust Co. now owns 3,691 shares of the basic materials company’s stock worth $108,000 after buying an additional 676 shares during the period. Buckhead Capital Management LLC raised its stake in CF Industries Holdings by 1.0% in the first quarter. Buckhead Capital Management LLC now owns 122,631 shares of the basic materials company’s stock worth $3,599,000 after buying an additional 1,267 shares during the period. Osborne Partners Capital Management LLC raised its stake in CF Industries Holdings by 38.3% in the first quarter. Osborne Partners Capital Management LLC now owns 168,923 shares of the basic materials company’s stock worth $4,958,000 after buying an additional 46,803 shares during the period. Finally, Sippican Capital Advisors raised its stake in CF Industries Holdings by 3.0% in the first quarter. Sippican Capital Advisors now owns 30,883 shares of the basic materials company’s stock worth $906,000 after buying an additional 894 shares during the period.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes 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 the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CF Industries Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.