CF Industries Holdings, Inc. (CF) Downgraded by Atlantic Securities
Atlantic Securities lowered shares of CF Industries Holdings, Inc. (NYSE:CF) from a neutral rating to an underweight rating in a report released on Tuesday morning, MarketBeat Ratings reports. The analysts noted that the move was a valuation call.
A number of other analysts also recently issued reports on CF. began coverage on shares of CF Industries Holdings in a report on Wednesday, October 11th. They issued a hold rating and a $36.30 price objective for the company. BidaskClub downgraded shares of CF Industries Holdings from a hold rating to a sell rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of CF Industries Holdings from a sell rating to a hold rating in a report on Friday, October 13th. Royal Bank Of Canada boosted their price objective on shares of CF Industries Holdings from $27.00 to $32.00 and gave the company an underperform rating in a report on Friday, November 3rd. Finally, Credit Suisse Group set a $30.00 price objective on shares of CF Industries Holdings and gave the company a hold rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $34.74.
CF Industries Holdings (CF) traded down $0.69 during mid-day trading on Tuesday, reaching $35.48. The company’s stock had a trading volume of 4,277,522 shares, compared to its average volume of 4,533,575. CF Industries Holdings has a 1 year low of $25.04 and a 1 year high of $39.32. 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 Holdings (NYSE:CF) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the 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 firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. research analysts anticipate that CF Industries Holdings will post -0.35 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date is Tuesday, November 14th. CF Industries Holdings’s payout ratio is -65.57%.
A number of large investors have recently modified their holdings of CF. Capital World Investors lifted its stake in CF Industries Holdings by 21.4% in the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock valued at $425,096,000 after purchasing an additional 2,675,809 shares during the last quarter. Renaissance Technologies LLC acquired a new position in CF Industries Holdings in the 2nd quarter valued at approximately $35,108,000. Thrivent Financial For Lutherans increased its position in CF Industries Holdings by 12,161.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock valued at $29,380,000 after acquiring an additional 1,042,220 shares during the period. Manning & Napier Advisors LLC increased its position in CF Industries Holdings by 190.0% in the 3rd quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock valued at $39,256,000 after acquiring an additional 731,525 shares during the period. Finally, Anchor Bolt Capital LP increased its position in CF Industries Holdings by 679.0% in the 3rd quarter. Anchor Bolt Capital LP now owns 711,223 shares of the basic materials company’s stock valued at $25,007,000 after acquiring an additional 619,928 shares during the period.
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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