CF Industries Holdings, Inc. (NYSE:CF) was upgraded by stock analysts at Vetr from a “sell” rating to a “strong-buy” rating in a report released on Monday. The brokerage presently has a $38.00 price target on the stock. Vetr‘s target price would indicate a potential upside of 25.04% from the stock’s current price.
CF has been the subject of several other reports. Zacks Investment Research lowered shares of CF Industries Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 16th. BMO Capital Markets reiterated a “buy” rating on shares of CF Industries Holdings in a research report on Tuesday, January 3rd. Royal Bank of Canada reiterated a “sell” rating and set a $23.00 target price on shares of CF Industries Holdings in a research report on Thursday, January 12th. Cowen and Company upgraded CF Industries Holdings from an “underperform” rating to a “market perform” rating and set a $31.00 target price for the company in a research report on Tuesday, January 24th. Finally, Bank of America Corp upgraded CF Industries Holdings from an “underperform” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, January 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. CF Industries Holdings presently has a consensus rating of “Hold” and a consensus target price of $31.57.
CF Industries Holdings (NYSE:CF) traded up 3.76% during mid-day trading on Monday, hitting $30.39. 6,301,988 shares of the stock were exchanged. The stock has a 50 day moving average of $32.80 and a 200-day moving average of $28.85. CF Industries Holdings has a 52-week low of $20.77 and a 52-week high of $37.17. The stock’s market cap is $7.08 billion.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.33. The firm had revenue of $867 million for the quarter, compared to analysts’ expectations of $902.14 million. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. During the same period in the previous year, the firm earned $0.76 earnings per share. Equities analysts predict that CF Industries Holdings will post $0.28 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 17th were issued a $0.30 dividend. The ex-dividend date was Wednesday, February 15th. This represents a $1.20 annualized dividend and a dividend yield of 3.95%. CF Industries Holdings’s payout ratio is currently 413.79%.
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Several hedge funds have recently added to or reduced their stakes in the stock. Icon Advisers Inc. Co. purchased a new stake in CF Industries Holdings during the third quarter valued at $2,191,000. Tredje AP fonden increased its stake in CF Industries Holdings by 9.1% in the fourth quarter. Tredje AP fonden now owns 41,389 shares of the company’s stock valued at $1,303,000 after buying an additional 3,439 shares during the last quarter. Victory Capital Management Inc. increased its stake in CF Industries Holdings by 26.6% in the third quarter. Victory Capital Management Inc. now owns 71,342 shares of the company’s stock valued at $1,737,000 after buying an additional 14,979 shares during the last quarter. Robertson Opportunity Capital LLC purchased a new stake in CF Industries Holdings during the fourth quarter valued at $2,046,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in CF Industries Holdings by 2.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 43,684 shares of the company’s stock valued at $1,375,000 after buying an additional 1,041 shares during the last quarter. Hedge funds and other institutional investors own 99.75% of the company’s stock.
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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