Royal Bank Of Canada lowered shares of CF Industries Holdings Inc. (NYSE:CF) from a sector perform rating to an underperform rating in a research note released on Tuesday morning. They currently have $22.00 target price on the stock.
CF has been the topic of several other reports. Credit Suisse Group AG reiterated a buy rating on shares of CF Industries Holdings in a report on Friday, August 5th. Vetr upgraded shares of CF Industries Holdings from a buy rating to a strong-buy rating and set a $28.46 target price on the stock in a report on Monday, October 24th. BMO Capital Markets reiterated a buy rating and set a $28.00 target price on shares of CF Industries Holdings in a report on Friday, August 5th. Finally, Barclays PLC dropped their target price on shares of CF Industries Holdings from $31.00 to $25.00 and set an overweight rating on the stock in a report on Thursday, August 18th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $28.09.
Shares of CF Industries Holdings (NYSE:CF) opened at 28.38 on Tuesday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 94.60 and a beta of 1.32. The stock has a 50 day moving average of $25.28 and a 200-day moving average of $25.65. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $46.75.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.11. The firm had revenue of $680 million for the quarter, compared to analysts’ expectations of $805.58 million. CF Industries Holdings had a net margin of 1.77% and a return on equity of 5.94%. The business’s revenue for the quarter was down 26.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. On average, analysts anticipate that CF Industries Holdings will post $0.78 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.23%. CF Industries Holdings’s payout ratio is 413.79%.
Several large investors have recently modified their holdings of CF. Glendon Capital Management LP boosted its stake in shares of CF Industries Holdings by 248.1% in the second quarter. Glendon Capital Management LP now owns 2,136,211 shares of the company’s stock worth $51,483,000 after buying an additional 1,522,611 shares during the last quarter. Hanlon Investment Management Inc. purchased a new stake in shares of CF Industries Holdings during the second quarter worth approximately $4,006,000. Nordea Investment Management AB boosted its stake in shares of CF Industries Holdings by 25.9% in the second quarter. Nordea Investment Management AB now owns 294,508 shares of the company’s stock worth $7,098,000 after buying an additional 60,501 shares during the last quarter. Round Table Services LLC purchased a new stake in shares of CF Industries Holdings during the second quarter worth approximately $241,000. Finally, CI Global Investments Inc. boosted its stake in shares of CF Industries Holdings by 0.5% in the second quarter. CI Global Investments Inc. now owns 722,850 shares of the company’s stock worth $17,421,000 after buying an additional 3,300 shares during the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.
About CF Industries Holdings