CF Industries Holdings, Inc. (CF) Receives Consensus Recommendation of “Hold” from Brokerages
CF Industries Holdings, Inc. (NYSE:CF) has earned an average rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.03.
A number of equities analysts recently commented on the stock. Piper Jaffray Companies set a $28.00 price objective on shares of CF Industries Holdings and gave the stock a “hold” rating in a research note on Friday, October 6th. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Barclays PLC decreased 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 note on Thursday, July 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $28.00 target price (down previously from $31.00) on shares of CF Industries Holdings in a research note on Monday, July 10th.
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Shares of CF Industries Holdings (CF) traded up 1.25% on Wednesday, reaching $34.91. The company’s stock had a trading volume of 5,852,078 shares. The stock has a 50-day moving average of $32.87 and a 200 day moving average of $29.56. The stock’s market capitalization is $8.14 billion. CF Industries Holdings has a 1-year low of $22.00 and a 1-year high of $37.17.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that CF Industries Holdings will post ($0.67) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. CF Industries Holdings’s dividend payout ratio is currently -75.47%.
In other news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CF. Fulton Bank N.A. bought a new position in CF Industries Holdings in the 3rd quarter worth $287,000. W. E. Donoghue & Co. LLC bought a new position in CF Industries Holdings in the 2nd quarter worth $16,857,000. Sentry Investment Management LLC raised its holdings in CF Industries Holdings by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 160 shares during the period. Toronto Dominion Bank raised its holdings in CF Industries Holdings by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 78,974 shares of the basic materials company’s stock worth $2,208,000 after acquiring an additional 16,068 shares during the period. Finally, Glendon Capital Management LP raised its holdings in CF Industries Holdings by 14.3% in the 2nd quarter. Glendon Capital Management LP now owns 2,619,751 shares of the basic materials company’s stock worth $73,248,000 after acquiring an additional 327,600 shares during the period.
About CF Industries Holdings
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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