CF Industries Holdings, Inc. (NYSE:CF) Given Consensus Recommendation of “Buy” by Brokerages

Shares of CF Industries Holdings, Inc. (NYSE:CF) have been given a consensus rating of “Buy” by the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $67.10.

A number of research firms have weighed in on CF. Royal Bank of Canada boosted their price objective on CF Industries from $65.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Friday, November 5th. UBS Group boosted their price objective on CF Industries from $70.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Morgan Stanley boosted their price objective on CF Industries from $60.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, December 6th. Citigroup upped their price target on CF Industries from $69.00 to $86.00 in a report on Tuesday. Finally, Mizuho initiated coverage on CF Industries in a research report on Tuesday, October 12th. They set a “neutral” rating and a $65.00 price objective for the company.

In other news, VP Bert A. Frost sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $65.00, for a total transaction of $650,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas C. Barnard sold 35,207 shares of the business’s stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $62.65, for a total value of $2,205,718.55. The disclosure for this sale can be found here. Insiders sold 167,210 shares of company stock worth $11,089,034 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. acquired a new position in CF Industries in the third quarter worth about $28,000. Koshinski Asset Management Inc. bought a new position in CF Industries in the third quarter valued at approximately $39,000. FORA Capital LLC bought a new position in CF Industries in the second quarter valued at approximately $44,000. Berman Capital Advisors LLC boosted its stake in CF Industries by 111.9% in the second quarter. Berman Capital Advisors LLC now owns 981 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 518 shares during the last quarter. Finally, Financial Insights Inc. acquired a new stake in CF Industries in the second quarter worth $52,000. Institutional investors own 90.46% of the company’s stock.

NYSE CF traded up $0.48 during trading on Friday, hitting $66.06. The company’s stock had a trading volume of 191,500 shares, compared to its average volume of 2,626,558. CF Industries has a fifty-two week low of $39.87 and a fifty-two week high of $74.77. The company has a market cap of $14.17 billion, a PE ratio of 47.52, a P/E/G ratio of 0.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.79 and a quick ratio of 1.38. The business’s 50 day simple moving average is $65.52 and its 200-day simple moving average is $56.13.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 3rd. The basic materials company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.43 billion. CF Industries had a net margin of 5.86% and a return on equity of 12.08%. Analysts expect that CF Industries will post 5.74 EPS for the current fiscal year.

CF Industries Company Profile

CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.

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Analyst Recommendations for CF Industries (NYSE:CF)

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