BMO Capital Markets Raises CF Industries Holdings, Inc. (CF) Price Target to $43.00
CF Industries Holdings, Inc. (NYSE:CF) had its price target lifted by research analysts at BMO Capital Markets from $38.00 to $43.00 in a note issued to investors on Friday. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.40% from the stock’s previous close.
A number of other brokerages have also commented on CF. Royal Bank Of Canada boosted their price objective on CF Industries Holdings from $27.00 to $32.00 and gave the stock an “underperform” rating in a report on Friday. Zacks Investment Research raised CF Industries Holdings from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Wednesday, October 25th. UBS Group AG (USA) reissued a “buy” rating and set a $40.00 price objective (up from $33.00) on shares of CF Industries Holdings in a report on Wednesday, October 4th. HSBC Holdings plc began coverage on CF Industries Holdings in a report on Wednesday, October 11th. They set a “hold” rating and a $36.30 price objective for the company. Finally, Piper Jaffray Companies set a $28.00 price objective on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $34.52.
Shares of CF Industries Holdings (NYSE CF) traded up $0.56 during trading on Friday, reaching $38.60. The company had a trading volume of 3,493,860 shares, compared to its average volume of 3,740,000. CF Industries Holdings has a twelve month low of $22.58 and a twelve month high of $39.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.63.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. CF Industries Holdings had a negative return on equity of 2.29% and a negative net margin of 10.95%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. analysts expect that CF Industries Holdings will post -0.62 EPS for the current fiscal year.
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In related news, VP Bert A. Frost sold 6,400 shares of the company’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 value of $201,792.00. Following the transaction, the vice president now owns 59,732 shares in the company, valued at $1,883,349.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CF. Saratoga Research & Investment Management purchased a new position in CF Industries Holdings in the third quarter valued at approximately $108,000. Ffcm LLC lifted its stake in CF Industries Holdings by 218.4% in the second quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 2,772 shares during the last quarter. Financial Architects Inc lifted its stake in CF Industries Holdings by 22.5% in the second quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 800 shares during the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries Holdings in the second quarter valued at approximately $126,000. Finally, BT Investment Management Ltd purchased a new position in CF Industries Holdings in the second quarter valued at approximately $126,000.
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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