Today, CF Industries Holdings Inc. (CF) Lowered by Royal Bank Of Canada

Today, CF Industries Holdings Inc. (CF) Lowered by Royal Bank Of Canada
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

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