CF Industries Holdings, Inc. (CF) Upgraded at Zacks Investment Research
CF Industries Holdings, Inc. (NYSE:CF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a $42.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.46% from the stock’s previous close.
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.”
A number of other brokerages have also weighed in on CF. Royal Bank Of Canada increased their price target on CF Industries Holdings from $23.00 to $27.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 17th. UBS AG reissued a “buy” rating and set a $40.00 price target (up previously from $33.00) on shares of CF Industries Holdings in a research note on Wednesday, October 4th. HSBC Holdings plc started coverage on CF Industries Holdings in a research note on Wednesday, October 11th. They set a “hold” rating and a $36.30 price target on the stock. BMO Capital Markets reissued an “outperform” rating and set a $38.00 price target (up previously from $35.00) on shares of CF Industries Holdings in a research note on Friday, October 6th. Finally, Piper Jaffray Companies set a $28.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a research note on Friday, October 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.81.
Shares of CF Industries Holdings (CF) traded up 0.19% during trading on Wednesday, reaching $37.68. The company had a trading volume of 3,350,316 shares. The firm’s 50 day moving average price is $34.67 and its 200 day moving average price is $30.03. The firm’s market capitalization is $8.79 billion. CF Industries Holdings has a 12 month low of $22.18 and a 12 month high of $38.01.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. The firm had revenue of $1.12 billion for 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%. CF Industries Holdings’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities analysts predict that CF Industries Holdings will post ($0.60) EPS for the current year.
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In related news, VP Bert A. Frost sold 6,400 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.53, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Saratoga Research & Investment Management acquired a new stake in shares of CF Industries Holdings during the third quarter valued at about $108,000. Ffcm LLC grew its stake in shares of CF Industries Holdings by 218.4% during the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 2,772 shares in the last quarter. Financial Architects Inc grew its stake in shares of CF Industries Holdings by 22.5% during the second quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock valued at $122,000 after acquiring an additional 800 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of CF Industries Holdings during the second quarter valued at about $126,000. Finally, BT Investment Management Ltd acquired a new stake in shares of CF Industries Holdings during the second quarter valued at about $126,000.
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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