CF Industries Holdings, Inc. (NYSE:CF) had its price target lifted by investment analysts at Royal Bank Of Canada from $23.00 to $27.00 in a note issued to investors on Tuesday, October 17th, Marketbeat Ratings reports. The firm presently has an “underperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target points to a potential downside of 31.21% from the stock’s current price.
CF has been the subject of a number of other research reports. HSBC Holdings plc started coverage on shares of CF Industries Holdings in a research note on Wednesday, October 11th. They set a “hold” rating and a $36.30 target price for the company. BidaskClub downgraded shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 13th. ValuEngine cut shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Credit Suisse Group set a $30.00 price target on shares of CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. Three 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. CF Industries Holdings has an average rating of “Hold” and a consensus price target of $34.52.
Shares of CF Industries Holdings (NYSE CF) traded up $0.65 during trading hours on Tuesday, hitting $39.25. 1,982,047 shares of the company’s stock were exchanged, compared to its average volume of 3,847,577. CF Industries Holdings has a 1 year low of $22.58 and a 1 year high of $39.04. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). CF Industries Holdings had a negative return on equity of 2.29% and a negative net margin of 10.95%. The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $733.63 million. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 27.9% on a year-over-year basis. equities analysts expect that CF Industries Holdings will post -0.6 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its stake in CF Industries Holdings by 12.0% in the 3rd quarter. Toronto Dominion Bank now owns 88,473 shares of the basic materials company’s stock worth $3,110,000 after buying an additional 9,499 shares in the last quarter. New York State Common Retirement Fund grew its stake in CF Industries Holdings by 3.2% in the 3rd quarter. New York State Common Retirement Fund now owns 494,300 shares of the basic materials company’s stock worth $17,380,000 after buying an additional 15,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in CF Industries Holdings by 27.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 229,488 shares of the basic materials company’s stock worth $8,069,000 after buying an additional 49,929 shares in the last quarter. Pekin Singer Strauss Asset Management IL grew its stake in CF Industries Holdings by 794.4% in the 3rd quarter. Pekin Singer Strauss Asset Management IL now owns 205,286 shares of the basic materials company’s stock worth $7,218,000 after buying an additional 182,333 shares in the last quarter. Finally, Swiss National Bank grew its stake in CF Industries Holdings by 1.1% in the 3rd quarter. Swiss National Bank now owns 859,040 shares of the basic materials company’s stock worth $30,204,000 after buying an additional 9,700 shares in the last quarter.
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).
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