CF Industries Holdings, Inc. (CF) Lifted to Buy 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 note issued on Tuesday. The brokerage presently has a $42.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 12.39% from the company’s previous close.
According to Zacks, “CF Industries posted a net loss in third-quarter 2017, which was wider on a year-over-year basis. However, adjusted loss and revenues beat the respective Zacks Consensus Estimate. CF Industries has outperformed the industry it belongs to over the past six months. CF Industries is well positioned to gain from its efforts to boost production capacity. It is also likely to 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 equities research analysts also recently weighed in on CF. Credit Suisse Group AG set a $30.00 price objective on CF Industries Holdings and gave the company a “hold” rating in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and set a $40.00 price objective (up previously from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. BidaskClub downgraded CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. assumed coverage on CF Industries Holdings in a research report on Wednesday, October 11th. They set a “hold” rating and a $36.30 price objective on the stock. Finally, Cowen and Company raised their price objective on CF Industries Holdings from $27.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. Four investment 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 company. The company has a consensus rating of “Hold” and a consensus target price of $34.74.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). CF Industries Holdings had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. During the same period in the previous year, the company posted $0.13 EPS. CF Industries Holdings’s quarterly revenue was up 27.9% compared to the same quarter last year. equities analysts expect that CF Industries Holdings will post -0.38 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its holdings in CF Industries Holdings by 122.2% during the third quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the basic materials company’s stock worth $2,355,000 after acquiring an additional 36,829 shares during the period. Thrivent Financial For Lutherans grew its holdings in CF Industries Holdings by 12,161.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock valued at $29,380,000 after purchasing an additional 1,042,220 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in CF Industries Holdings by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock valued at $18,440,000 after purchasing an additional 9,956 shares during the period. Swiss National Bank grew its holdings in CF Industries Holdings by 2.8% in the second quarter. Swiss National Bank now owns 849,340 shares of the basic materials company’s stock valued at $23,748,000 after purchasing an additional 23,400 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CF Industries Holdings by 2.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,138,901 shares of the basic materials company’s stock valued at $31,844,000 after purchasing an additional 26,204 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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