CF Industries Holdings, Inc. (CF) Rating Increased to Hold at 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 research note issued on Friday.
According to Zacks, “CF Industries has outperformed the industry it belongs to for the past six months. 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 is also enjoying the benefit of ample natural gas supply. However, 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 affecting prices. Weak prices are expected to hurt margins of CF Industries through 2017. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
CF has been the topic of a number of other research reports. Piper Jaffray Companies set a $28.00 price target on shares of CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, October 6th. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC cut their price target on shares of CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a report on Thursday, July 13th. Stifel Nicolaus reaffirmed 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. Finally, Credit Suisse Group lowered shares of CF Industries Holdings from an “outperform” rating to a “neutral” rating and cut their target price for the company from $31.00 to $30.00 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. CF Industries Holdings presently has a consensus rating of “Hold” and an average price target of $32.87.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.18. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Equities research analysts expect that CF Industries Holdings will post ($0.68) earnings per share for the current year.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the transaction, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position 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 valued at $126,000 after acquiring an additional 137 shares during the period. Contravisory Investment Management Inc. lifted its position in CF Industries Holdings by 2.0% during the 2nd quarter. Contravisory Investment Management Inc. now owns 7,803 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 153 shares during the period. Sentry Investment Management LLC lifted its position in CF Industries Holdings by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 160 shares during the period. Louisiana State Employees Retirement System lifted its position in CF Industries Holdings by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the basic materials company’s stock valued at $405,000 after acquiring an additional 200 shares during the period. Finally, Advantus Capital Management Inc lifted its position in CF Industries Holdings by 1.0% during the 1st quarter. Advantus Capital Management Inc now owns 23,368 shares of the basic materials company’s stock valued at $686,000 after acquiring an additional 222 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).
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