Zacks Investment Research upgraded shares of CF Industries Holdings, Inc. (NYSE:CF) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. The brokerage currently has $42.00 target price on the basic materials company’s stock.
According to Zacks, “CF Industries posted a net loss in third-quarter 2017, which was wider on a year-over-year basis. However, adjusted loss and revenues beat the respective Zacks Consensus Estimate. CF Industries has outperformed the industry it belongs to over the past six months. CF Industries is well positioned to gain from its efforts to boost production capacity. It is also likely to benefit from higher nitrogen demand driven by healthy corn plantations. The company is also enjoying the benefit of ample natural gas supply.”
CF has been the subject of several other reports. Credit Suisse Group set a $30.00 price objective on CF Industries Holdings and gave the company a hold rating in a research report on Friday, August 4th. UBS AG reissued a buy rating and issued a $40.00 price objective (up from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. Cowen and Company increased their price objective on CF Industries Holdings from $27.00 to $33.00 and gave the company a market perform rating in a research report on Wednesday, November 8th. BidaskClub cut CF Industries Holdings from a hold rating to a sell rating in a research report on Tuesday, August 1st. Finally, started coverage on CF Industries Holdings in a research report on Wednesday, October 11th. They issued a hold rating and a $36.30 price objective for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. CF Industries Holdings has an average rating of Hold and an average price target of $34.74.
Shares of CF Industries Holdings (CF) opened at $35.48 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51. CF Industries Holdings has a 12-month low of $25.04 and a 12-month high of $39.32.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). CF Industries Holdings had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. During the same period in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was up 27.9% compared to the same quarter last year. equities analysts predict that CF Industries Holdings will post -0.35 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.38%. CF Industries Holdings’s dividend payout ratio is currently -65.57%.
A number of institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. raised its stake in CF Industries Holdings by 2.0% during the second quarter. Contravisory Investment Management Inc. now owns 7,803 shares of the basic materials company’s stock worth $218,000 after acquiring an additional 153 shares in the last quarter. Sentry Investment Management LLC raised its stake in CF Industries Holdings by 1.0% during the second quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock worth $472,000 after acquiring an additional 160 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in CF Industries Holdings by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the basic materials company’s stock worth $405,000 after acquiring an additional 200 shares in the last quarter. Argent Trust Co raised its stake in CF Industries Holdings by 3.0% during the second quarter. Argent Trust Co now owns 7,545 shares of the basic materials company’s stock worth $211,000 after acquiring an additional 223 shares in the last quarter. Finally, Peddock Capital Advisors LLC increased its stake in shares of CF Industries Holdings by 1.6% in the second quarter. Peddock Capital Advisors LLC now owns 16,907 shares of the basic materials company’s stock valued at $473,000 after buying an additional 268 shares in the last quarter.
CF Industries Holdings Company Profile
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).
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