Vetr downgraded shares of CF Industries Holdings Inc. (NYSE:CF) from a strong-buy rating to a buy rating in a research report released on Monday morning. The firm currently has $26.27 target price on the stock.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group AG set a $26.00 target price on CF Industries Holdings and gave the stock a buy rating in a research report on Sunday, September 18th. Morgan Stanley reiterated a buy rating and issued a $30.00 target price on shares of CF Industries Holdings in a research report on Thursday, June 16th. BMO Capital Markets reiterated a buy rating and issued a $28.00 target price on shares of CF Industries Holdings in a research report on Friday, August 5th. Citigroup Inc. decreased their target price on CF Industries Holdings from $25.00 to $24.00 and set a neutral rating on the stock in a research report on Wednesday, August 10th. Finally, Atlantic Securities downgraded CF Industries Holdings from an overweight rating to a neutral rating and decreased their target price for the stock from $35.00 to $24.00 in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. CF Industries Holdings currently has a consensus rating of Hold and an average price target of $32.66.
CF Industries Holdings (NYSE:CF) opened at 24.66 on Monday. The stock’s 50 day moving average price is $24.32 and its 200 day moving average price is $27.29. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 30.37 and a beta of 1.62. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $54.27.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.35. CF Industries Holdings had a net margin of 4.55% and a return on equity of 8.04%. The business earned $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. CF Industries Holdings’s revenue was down 13.5% on a year-over-year basis. Equities research analysts anticipate that CF Industries Holdings will post $1.06 earnings per share for the current fiscal year.
In related news, Director Robert C. Arzbaecher bought 21,600 shares of the stock in a transaction on Tuesday, August 16th. The stock was bought at an average price of $23.25 per share, for a total transaction of $502,200.00. Following the completion of the acquisition, the director now directly owns 88,443 shares in the company, valued at $2,056,299.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CF. Pacer Advisors Inc. raised its stake in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock worth $101,000 after buying an additional 301 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in CF Industries Holdings by 778.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,293 shares of the company’s stock worth $151,000 after buying an additional 5,577 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in CF Industries Holdings by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 7,800 shares of the company’s stock worth $188,000 after buying an additional 7,200 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in CF Industries Holdings by 28.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 9,175 shares of the company’s stock worth $221,000 after buying an additional 2,030 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in CF Industries Holdings during the second quarter worth $227,000. Institutional investors own 99.09% of the company’s stock.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
To view Vetr’s full report, visit Vetr’s official website.
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