CF Industries Holdings, Inc. (CF) Given “Buy” Rating at UBS AG
UBS AG reaffirmed their buy rating on shares of CF Industries Holdings, Inc. (NYSE:CF) in a research report sent to investors on Wednesday morning. They currently have a $40.00 target price on the basic materials company’s stock, up from their previous target price of $33.00.
Several other equities research analysts have also recently issued reports on CF. Royal Bank Of Canada set a $25.00 target price on shares of CF Industries Holdings and gave the stock a sell rating in a research note on Saturday, June 10th. Credit Suisse Group set a $30.00 target price on shares of CF Industries Holdings and gave the stock a hold rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of CF Industries Holdings from a hold rating to a sell rating in a research note on Wednesday. Piper Jaffray Companies reaffirmed a hold rating on shares of CF Industries Holdings in a research note on Friday, August 4th. Finally, BidaskClub raised shares of CF Industries Holdings from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $32.33.
CF Industries Holdings (NYSE CF) traded down 0.20% during trading on Wednesday, hitting $35.03. 2,198,986 shares of the stock traded hands. The stock’s market cap is $8.17 billion. The stock has a 50 day moving average price of $32.12 and a 200-day moving average price of $29.38. CF Industries Holdings has a 52-week low of $22.00 and a 52-week high of $37.17.
CF Industries Holdings (NYSE:CF) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts anticipate that CF Industries Holdings will post ($0.69) EPS for the current fiscal year.
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In other news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the transaction, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fulton Bank N.A. purchased a new stake in CF Industries Holdings in the 3rd quarter valued at about $287,000. W. E. Donoghue & Co. LLC purchased a new stake in CF Industries Holdings in the 2nd quarter valued at about $16,857,000. Sentry Investment Management LLC raised its holdings in CF Industries Holdings by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock valued at $472,000 after buying an additional 160 shares during the period. Toronto Dominion Bank raised its holdings in CF Industries Holdings by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 78,974 shares of the basic materials company’s stock valued at $2,208,000 after buying an additional 16,068 shares during the period. Finally, Glendon Capital Management LP raised its holdings in CF Industries Holdings by 14.3% in the 2nd quarter. Glendon Capital Management LP now owns 2,619,751 shares of the basic materials company’s stock valued at $73,248,000 after buying an additional 327,600 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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