CF Industries Holdings, Inc. (CF) Given Consensus Recommendation of “Hold” by Analysts
Shares of CF Industries Holdings, Inc. (NYSE:CF) have been assigned an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.24.
Several brokerages have issued reports on CF. Zacks Investment Research raised shares of CF Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stephens assumed coverage on shares of CF Industries in a report on Monday. They issued an “equal weight” rating and a $38.00 target price on the stock. Royal Bank Of Canada upped their target price on shares of CF Industries from $23.00 to $27.00 and gave the stock an “underperform” rating in a report on Tuesday, October 17th. Atlantic Securities lowered shares of CF Industries from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, BMO Capital Markets upped their target price on shares of CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd.
In related news, VP Bert A. Frost sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total transaction of $273,750.00. Following the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total transaction of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CF. Saratoga Research & Investment Management acquired a new position in CF Industries during the 3rd quarter worth about $108,000. Ffcm LLC lifted its position in CF Industries by 218.4% during the 2nd 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 period. Pacad Investment Ltd. acquired a new position in CF Industries during the 2nd quarter valued at about $126,000. BT Investment Management Ltd acquired a new position in CF Industries during the 2nd quarter valued at about $126,000. Finally, Pacer Advisors Inc. lifted its position in CF Industries by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 355 shares during the period.
Shares of CF Industries (CF) traded up $0.46 during trading on Thursday, reaching $37.36. 3,051,778 shares of the company’s stock traded hands, compared to its average volume of 4,453,861. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71. CF Industries has a 12-month low of $25.04 and a 12-month high of $39.32.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. analysts expect that CF Industries will post -0.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, November 14th. CF Industries’s payout ratio is -65.57%.
CF Industries 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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