CF Industries Holdings, Inc. (CF) Stock Rating Reaffirmed by BMO Capital Markets
CF Industries Holdings, Inc. (NYSE:CF)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a research report issued on Friday. They currently have a $38.00 price target on the basic materials company’s stock, up from their prior price target of $35.00. BMO Capital Markets’ price target indicates a potential upside of 11.11% from the company’s previous close.
Several other equities analysts have also recently commented on CF. BidaskClub upgraded shares of CF Industries Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Royal Bank Of Canada set a $25.00 target price on shares of CF Industries Holdings and gave the company a “sell” rating in a research report on Saturday, June 10th. ValuEngine upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and issued a $28.00 target price (down from $31.00) on shares of CF Industries Holdings in a research report on Monday, July 10th. Finally, Barclays PLC dropped their target price on shares of CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $32.58.
CF Industries Holdings (CF) traded down 2.37% during mid-day trading on Friday, reaching $34.20. 3,331,542 shares of the company were exchanged. CF Industries Holdings has a 12-month low of $22.00 and a 12-month high of $37.17. The company’s 50 day moving average price is $32.26 and its 200-day moving average price is $29.42. The stock’s market capitalization is $7.98 billion.
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 for the quarter, topping the consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that CF Industries Holdings will post ($0.69) earnings per share for the current fiscal year.
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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 shares were sold at an average price of $31.53, for a total transaction of $201,792.00. Following the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CF. Russell Investments Group Ltd. grew its holdings in CF Industries Holdings by 67.9% during the 1st quarter. Russell Investments Group Ltd. now owns 77,386 shares of the basic materials company’s stock worth $2,272,000 after acquiring an additional 31,294 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in CF Industries Holdings by 6.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 25,411 shares of the basic materials company’s stock worth $746,000 after acquiring an additional 1,639 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in CF Industries Holdings during the 1st quarter worth approximately $164,000. Mason Street Advisors LLC grew its holdings in CF Industries Holdings by 1.0% during the 1st quarter. Mason Street Advisors LLC now owns 32,215 shares of the basic materials company’s stock worth $946,000 after acquiring an additional 326 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in CF Industries Holdings by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 137 shares during the last quarter.
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).
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