CF Industries Holdings, Inc. (NYSE:CF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.
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. However, CF Industries anticipates the challenging nitrogen pricing environment to continue through 2017. High supply levels in the global nitrogen market due to capacity additions are affecting prices. Weak prices are expected to hurt margins of CF Industries through 2017. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
A number of other equities research analysts have also recently commented on the company. HSBC Holdings plc started coverage on CF Industries Holdings in a research report on Wednesday. They set a “hold” rating and a $36.30 target price on the stock. Piper Jaffray Companies set a $28.00 target price on CF Industries Holdings and gave the company a “hold” rating in a research report on Friday, October 6th. BMO Capital Markets restated an “outperform” rating and set a $38.00 target price (up from $35.00) on shares of CF Industries Holdings in a research report on Friday, October 6th. UBS AG restated a “buy” rating and set a $40.00 target price (up from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $30.00 target price on CF Industries Holdings and gave the company a “hold” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CF Industries Holdings currently has a consensus rating of “Hold” and a consensus price target of $32.87.
CF Industries Holdings (NYSE:CF) traded up 2.665% during trading on Friday, reaching $36.795. The company had a trading volume of 2,457,686 shares. The stock has a 50 day moving average price of $33.07 and a 200 day moving average price of $29.60. The firm’s market capitalization is $8.58 billion. CF Industries Holdings has a 52 week low of $22.18 and a 52 week high of $37.17.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. CF Industries Holdings had a negative return on equity of 0.40% and a negative net margin of 9.98%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. Analysts predict that CF Industries Holdings will post ($0.68) earnings per share for the current year.
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In related news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the transaction, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CF. Ffcm LLC lifted its stake in CF Industries Holdings by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 2,772 shares in the last quarter. Financial Architects Inc lifted its stake in CF Industries Holdings by 22.5% in the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 800 shares in the last quarter. Pacer Advisors Inc. lifted its stake in CF Industries Holdings by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 137 shares in the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries Holdings in the 2nd quarter worth approximately $126,000. Finally, BT Investment Management Ltd purchased a new position in CF Industries Holdings in the 2nd quarter worth 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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