CF Industries Holdings Inc. (NYSE:CF) was downgraded by equities research analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Monday. They presently have a $23.58 price target on the stock. Vetr‘s target price indicates a potential downside of 16.84% from the company’s previous close.
A number of other analysts also recently weighed in on CF. Credit Suisse Group AG set a $26.00 price objective on CF Industries Holdings and gave the company a “buy” rating in a report on Sunday, September 18th. Morgan Stanley set a $24.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and set a $28.00 price target on shares of CF Industries Holdings in a report on Friday, August 5th. Royal Bank Of Canada downgraded CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 price target for the company. in a report on Tuesday, November 22nd. Finally, Atlantic Securities downgraded CF Industries Holdings from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $35.00 to $24.00 in a report on Friday, August 5th. Seven analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.79.
Shares of CF Industries Holdings (NYSE:CF) traded down 1.26% during mid-day trading on Monday, hitting $28.19. The stock had a trading volume of 3,159,797 shares. CF Industries Holdings has a 1-year low of $20.77 and a 1-year high of $46.75. The company has a market cap of $6.57 billion, a P/E ratio of 93.97 and a beta of 1.32. The firm’s 50 day moving average price is $25.52 and its 200 day moving average price is $25.57.
CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.11. The business earned $680 million during the quarter, compared to the consensus estimate of $805.58 million. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. CF Industries Holdings’s quarterly revenue 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. Analysts predict that CF Industries Holdings will post $0.78 earnings per share for the current fiscal year.
The business also recently declared 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 annualized dividend and a dividend yield of 4.23%. CF Industries Holdings’s payout ratio is currently 413.79%.
Several large investors have recently modified their holdings of CF. Credit Capital Investments LLC raised its stake in shares of CF Industries Holdings by 2,349.2% in the second quarter. Credit Capital Investments LLC now owns 7,230,433 shares of the company’s stock valued at $7,230,000 after buying an additional 6,935,215 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of CF Industries Holdings by 341.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 6,574,800 shares of the company’s stock valued at $160,096,000 after buying an additional 5,086,100 shares during the last quarter. Capital World Investors bought a new stake in shares of CF Industries Holdings during the third quarter valued at about $113,228,000. FMR LLC raised its stake in shares of CF Industries Holdings by 17.4% in the second quarter. FMR LLC now owns 24,447,466 shares of the company’s stock valued at $589,184,000 after buying an additional 3,630,043 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in shares of CF Industries Holdings during the second quarter valued at about $85,368,000. Institutional investors own 98.73% of the company’s stock.
About CF Industries Holdings
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).