CF Industries Holdings, Inc. (NYSE:CF) was downgraded by stock analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, July 26th, MarketBeat.com reports. They currently have a $30.00 price target on the basic materials company’s stock, down from their prior price target of $31.00. Credit Suisse Group’s target price indicates a potential downside of 1.67% from the stock’s current price.
A number of other analysts also recently weighed in on CF. UBS AG raised shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, May 5th. Royal Bank Of Canada set a $25.00 price target on shares of CF Industries Holdings and gave the stock a “sell” rating in a report on Saturday, June 10th. BidaskClub raised shares of CF Industries Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine raised shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, BMO Capital Markets dropped their price objective on shares of CF Industries Holdings from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, May 15th. Four research 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 company’s stock. The company currently has an average rating of “Hold” and an average target price of $32.58.
CF Industries Holdings (NYSE:CF) opened at 30.51 on Wednesday. CF Industries Holdings has a 52 week low of $22.00 and a 52 week high of $37.17. The company’s market cap is $7.12 billion. The firm’s 50-day moving average is $29.44 and its 200-day moving average is $29.69.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that CF Industries Holdings will post ($0.70) EPS for the current fiscal year.
In other CF Industries Holdings news, VP Bert A. Frost sold 6,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the completion of the transaction, the vice president now directly owns 59,732 shares in the company, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in CF Industries Holdings during the fourth quarter valued at $1,470,000. Thrivent Financial for Lutherans purchased a new stake in CF Industries Holdings during the fourth quarter valued at $258,000. Pekin Singer Strauss Asset Management IL purchased a new stake in CF Industries Holdings during the fourth quarter valued at $361,000. UBS Asset Management Americas Inc. boosted its stake in CF Industries Holdings by 57.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,477,053 shares of the basic materials company’s stock valued at $77,978,000 after buying an additional 901,617 shares during the period. Finally, HighPoint Advisor Group LLC purchased a new stake in CF Industries Holdings during the fourth quarter valued at $647,000.
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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