Zacks Investment Research upgraded shares of CF Industries (NYSE:CF) from a hold rating to a buy rating in a research report released on Tuesday, November 14th. They currently have $42.00 price objective 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 a number of other reports. BMO Capital Markets upped their price target on CF Industries from $38.00 to $43.00 and gave the company a market perform rating in a report on Friday, November 3rd. Piper Jaffray Companies set a $28.00 price objective on CF Industries and gave the company a hold rating in a report on Friday, October 6th. ValuEngine raised CF Industries from a sell rating to a hold rating in a report on Tuesday, July 25th. Cowen increased their price objective on CF Industries from $27.00 to $33.00 and gave the company a market perform rating in a report on Wednesday, November 8th. Finally, Atlantic Securities downgraded CF Industries from a neutral rating to an underweight rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $34.74.
CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $733.63 million. CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. sell-side analysts predict that CF Industries will post -0.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Tuesday, November 14th. CF Industries’s dividend payout ratio (DPR) is -65.57%.
In other CF Industries news, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the sale, the director now owns 50,854 shares of the company’s stock, valued at $1,830,744. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the completion of the sale, the vice president now directly owns 67,232 shares in the company, valued at approximately $2,453,968. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in shares of CF Industries by 122.2% during the third quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the basic materials company’s stock valued at $2,355,000 after acquiring an additional 36,829 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in shares of CF Industries by 12,161.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock valued at $29,380,000 after acquiring an additional 1,042,220 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of CF Industries by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock valued at $18,440,000 after acquiring an additional 9,956 shares during the last quarter. Swiss National Bank boosted its stake in shares of CF Industries by 2.8% during the second quarter. Swiss National Bank now owns 849,340 shares of the basic materials company’s stock valued at $23,748,000 after acquiring an additional 23,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CF Industries by 2.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,138,901 shares of the basic materials company’s stock valued at $31,844,000 after acquiring an additional 26,204 shares during the last quarter.
COPYRIGHT VIOLATION WARNING: “CF Industries (NYSE:CF) Upgraded to Buy by Zacks Investment Research” was reported by BBNS and is the property of of BBNS. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://baseballnewssource.com/markets/cf-industries-holdings-inc-cf-upgraded-to-buy-by-zacks-investment-research/1782881.html.
About CF Industries
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CF Industries Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries Holdings Inc. and related companies with our FREE daily email newsletter.