CF Industries Holdings’ (NYSE:CF) “Outperform” Rating Reaffirmed at BMO Capital Markets

CF Industries Holdings, Inc. (NYSE:CF)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a research note issued to investors on Friday, October 6th. They presently have a $38.00 price objective on the basic materials company’s stock, up from their prior price objective of $35.00. BMO Capital Markets’ price target points to a potential upside of 3.18% from the stock’s current price.

A number of other research analysts have also recently commented on the company. UBS AG restated a “buy” rating and issued a $40.00 target price (up previously from $33.00) on shares of CF Industries Holdings in a research note on Wednesday, October 4th. Zacks Investment Research cut CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Piper Jaffray Companies restated a “hold” rating and issued a $28.00 target price on shares of CF Industries Holdings in a research note on Tuesday, September 5th. Credit Suisse Group set a $30.00 target price on CF Industries Holdings and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub cut CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three 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 company. The stock has an average rating of “Hold” and an average price target of $33.18.

Shares of CF Industries Holdings (CF) opened at 36.83 on Friday. The stock’s 50 day moving average price is $33.97 and its 200 day moving average price is $29.80. The company’s market cap is $8.59 billion. CF Industries Holdings has a 12-month low of $22.18 and a 12-month high of $37.31.

CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.33 EPS. On average, analysts forecast that CF Industries Holdings will post ($0.63) EPS for the current year.

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In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the sale, the vice president now owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of CF. Russell Investments Group Ltd. grew its holdings in shares of CF Industries Holdings by 67.9% in the first quarter. Russell Investments Group Ltd. now owns 77,386 shares of the basic materials company’s stock worth $2,272,000 after acquiring an additional 31,294 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of CF Industries Holdings by 6.9% in the first quarter. Mutual of America Capital Management LLC now owns 25,411 shares of the basic materials company’s stock worth $746,000 after acquiring an additional 1,639 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of CF Industries Holdings in the first quarter worth $164,000. Mason Street Advisors LLC grew its holdings in shares of CF Industries Holdings by 1.0% in the first quarter. Mason Street Advisors LLC now owns 32,215 shares of the basic materials company’s stock worth $946,000 after acquiring an additional 326 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 137 shares during the period.

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).

Analyst Recommendations for CF Industries Holdings (NYSE:CF)

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