CF Industries Holdings, Inc. (CF) Receives Consensus Recommendation of “Hold” from Analysts
CF Industries Holdings, Inc. (NYSE:CF) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $35.11.
A number of research analysts have commented on the company. BMO Capital Markets upped their price objective on CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Cowen upped their price objective on CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered CF Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Atlantic Securities lowered 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, Royal Bank of Canada upped their target price on CF Industries from $23.00 to $27.00 and gave the company an “underperform” rating in a research report on Tuesday, October 17th.
Shares of CF Industries (NYSE CF) traded up $0.56 during midday trading on Tuesday, reaching $39.00. The company’s stock had a trading volume of 2,372,183 shares, compared to its average volume of 3,043,543. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80. CF Industries has a 52-week low of $25.04 and a 52-week high of $43.98. The firm has a market cap of $9,070.00, a price-to-earnings ratio of -21.31, a price-to-earnings-growth ratio of 18.29 and a beta of 1.09.
In related news, VP Bert A. Frost sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares in the company, valued at approximately $2,453,968. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the sale, the director now owns 50,854 shares of the company’s stock, valued at $1,830,744. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in CF. Janus Henderson Group PLC lifted its position in shares of CF Industries by 257.4% during the 2nd quarter. Janus Henderson Group PLC now owns 118,480 shares of the basic materials company’s stock worth $3,313,000 after buying an additional 85,330 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in CF Industries by 11.0% in the second quarter. The Manufacturers Life Insurance Company now owns 261,068 shares of the basic materials company’s stock valued at $7,300,000 after purchasing an additional 25,782 shares during the last quarter. Nomura Holdings Inc. bought a new position in CF Industries in the second quarter valued at about $494,000. Toronto Dominion Bank raised its position in CF Industries by 25.5% in the second quarter. Toronto Dominion Bank now owns 78,974 shares of the basic materials company’s stock valued at $2,208,000 after purchasing an additional 16,068 shares during the last quarter. Finally, Sentry Investment Management LLC raised its position in CF Industries by 1.0% in the second quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 160 shares during the last quarter.
About CF Industries
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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