CF Industries Holdings, Inc. (NYSE:CF) Downgraded by Credit Suisse Group
Credit Suisse Group downgraded shares of CF Industries Holdings, Inc. (NYSE:CF) from an outperform rating to a neutral rating in a research note published on Wednesday, Marketbeat.com reports. The brokerage currently has $30.00 target price on the basic materials company’s stock, down from their prior target price of $31.00.
Several other equities research analysts have also recently commented on the stock. ValuEngine upgraded shares of CF Industries Holdings from a sell rating to a hold rating in a research report on Tuesday, June 27th. Citigroup Inc. dropped their price target on shares of CF Industries Holdings from $36.00 to $31.00 and set a neutral rating on the stock in a research report on Tuesday, April 11th. Barclays PLC reiterated an equal weight rating and issued a $32.00 price target (down from $34.00) on shares of CF Industries Holdings in a research report on Saturday, April 22nd. Zacks Investment Research cut shares of CF Industries Holdings from a hold rating to a strong sell rating in a research report on Monday, May 22nd. Finally, Royal Bank Of Canada dropped their price target on shares of CF Industries Holdings from $26.00 to $25.00 and set an underperform rating on the stock in a research report on Friday, May 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. CF Industries Holdings currently has an average rating of Hold and a consensus target price of $31.36.
Shares of CF Industries Holdings (NYSE CF) opened at 28.99 on Wednesday. The company has a 50-day moving average of $28.51 and a 200-day moving average of $29.87. The firm’s market capitalization is $6.76 billion. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $37.17.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by $0.04. CF Industries Holdings had a positive return on equity of 0.41% and a negative net margin of 8.77%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $988.56 million. During the same quarter last year, the firm posted $0.40 earnings per share. CF Industries Holdings’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that CF Industries Holdings will post ($0.42) earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, August 11th. This represents a $1.20 annualized dividend and a yield of 4.14%. CF Industries Holdings’s dividend payout ratio (DPR) is presently -85.71%.
A number of institutional investors have recently added to or reduced their stakes in CF. BlackRock Inc. increased its position in shares of CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares in the last quarter. KCG Holdings Inc. bought a new position in shares of CF Industries Holdings during the first quarter worth approximately $1,150,000. Raging Capital Management LLC bought a new position in shares of CF Industries Holdings during the first quarter worth approximately $8,115,000. Northwestern Mutual Wealth Management Co. increased its position in shares of CF Industries Holdings by 34.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,512 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,415 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC bought a new position in shares of CF Industries Holdings during the first quarter worth approximately $838,000.
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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