CF Industries (CF) Lowered to Hold at Zacks Investment Research
Zacks Investment Research cut shares of CF Industries (NYSE:CF) from a buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “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. However, CF Industries remains exposed to pricing pressure and has a debt-laden balance sheet. The company is also exposed to challenging agriculture market fundamentals.”
Other analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on CF Industries from $23.00 to $27.00 and gave the stock an underperform rating in a research report on Tuesday, October 17th. Piper Jaffray Companies restated a hold rating and set a $28.00 price objective on shares of CF Industries in a research report on Tuesday, September 5th. started coverage on CF Industries in a research report on Wednesday, October 11th. They set a hold rating and a $36.30 price objective for the company. Atlantic Securities downgraded CF Industries from a neutral rating to an underweight rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, BMO Capital Markets upped their price objective on CF Industries from $38.00 to $43.00 and gave the stock a market perform rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $34.95.
CF Industries (NYSE CF) traded up $1.20 on Tuesday, reaching $40.60. The company had a trading volume of 7,533,700 shares, compared to its average volume of 4,448,918. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.80. CF Industries has a twelve month low of $25.04 and a twelve month high of $41.80.
CF Industries (NYSE:CF) last released its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $733.63 million. CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. research analysts expect that CF Industries will post -0.35 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. CF Industries’s payout ratio is -65.57%.
In related news, VP Bert A. Frost sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the sale, the vice president now owns 67,232 shares of the company’s stock, valued at $2,453,968. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 50,854 shares of the company’s stock, valued at approximately $1,830,744. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in CF Industries by 122.2% in the third quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the basic materials company’s stock worth $2,355,000 after acquiring an additional 36,829 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in CF Industries by 12,161.3% in the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock worth $29,380,000 after acquiring an additional 1,042,220 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in CF Industries by 1.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock worth $18,440,000 after acquiring an additional 9,956 shares in the last quarter. Swiss National Bank boosted its holdings in CF Industries by 2.8% in the second quarter. Swiss National Bank now owns 849,340 shares of the basic materials company’s stock worth $23,748,000 after acquiring an additional 23,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CF Industries by 2.4% in 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 purchasing an additional 26,204 shares in the last quarter.
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CF Industries Company Profile
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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