CF Industries Holdings Inc. (NYSE:CF) has received an average recommendation of “Hold” from the eighteen brokerages that are currently covering the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.67.
Several research firms recently commented on CF. Vetr raised CF Industries Holdings from a “buy” rating to a “strong-buy” rating and set a $29.50 price objective for the company in a research note on Monday, June 27th. Credit Suisse Group AG set a $26.00 price objective on CF Industries Holdings and gave the company a “buy” rating in a research note on Sunday, September 18th. Barclays PLC reduced their price objective on CF Industries Holdings from $36.00 to $31.00 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. Citigroup Inc. reduced their price objective on CF Industries Holdings from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 10th. Finally, Atlantic Securities downgraded CF Industries Holdings from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $35.00 to $24.00 in a research note on Friday, August 5th.
Shares of CF Industries Holdings (NYSE:CF) opened at 22.92 on Monday. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $54.27. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 28.23 and a beta of 1.62. The stock’s 50 day moving average is $24.31 and its 200-day moving average is $27.00.
CF Industries Holdings (NYSE:CF) last posted 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 firm earned $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the company posted $1.49 earnings per share. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, analysts anticipate that CF Industries Holdings will post $1.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 5.24%. The ex-dividend date is Thursday, November 10th. CF Industries Holdings’s dividend payout ratio (DPR) is 148.15%.
In other news, Director Robert C. Arzbaecher purchased 21,600 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were bought at an average price of $23.25 per share, with a total value of $502,200.00. Following the completion of the transaction, the director now directly owns 88,443 shares in the company, valued at approximately $2,056,299.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.84% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in CF Industries Holdings by 7.7% in the second quarter. Pacer Advisors Inc. now owns 4,204 shares of the company’s stock valued at $101,000 after buying an additional 301 shares during the period. Tower Research Capital LLC TRC raised its position 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 during the last quarter. Point72 Asia Hong Kong Ltd raised its position 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 during the last quarter. Candriam Luxembourg S.C.A. raised its position 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 during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in CF Industries Holdings during the second quarter worth about $227,000. 99.09% of the stock is currently owned by institutional investors.
About CF Industries Holdings
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).
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