Zacks Investment Research lowered shares of CF Industries Holdings, Inc. (NYSE:CF) from a hold rating to a sell rating in a research note released on Wednesday morning.
According to Zacks, “CF Industries anticipates the challenging nitrogen pricing environment to continue through 2017. High supply levels in the global nitrogen market due to capacity additions are affecting prices. Weak prices are expected to hurt margins of CF Industries through 2017. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
CF has been the topic of a number of other research reports. Credit Suisse Group set a $30.00 price objective on shares of CF Industries Holdings and gave the stock a hold rating in a research note on Friday, August 4th. BidaskClub raised shares of CF Industries Holdings from a strong sell rating to a sell rating in a research note on Saturday, June 10th. Royal Bank Of Canada dropped their price objective on shares of CF Industries Holdings from $25.00 to $23.00 and set an underperform rating on the stock in a research note on Friday, July 14th. ValuEngine raised shares of CF Industries Holdings from a sell rating to a hold rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets set a $35.00 price objective on shares of CF Industries Holdings and gave the stock a buy rating in a research note on Tuesday, June 6th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $32.58.
CF Industries Holdings (CF) opened at 34.20 on Wednesday. CF Industries Holdings has a one year low of $22.00 and a one year high of $37.17. The firm’s 50-day moving average is $32.40 and its 200 day moving average is $29.44. The stock’s market cap is $7.98 billion.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.18. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. 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 the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in CF Industries Holdings by 67.9% in the 1st quarter. Russell Investments Group Ltd. now owns 77,386 shares of the basic materials company’s stock valued at $2,272,000 after purchasing an additional 31,294 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in CF Industries Holdings by 6.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 25,411 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 1,639 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in CF Industries Holdings in the 1st quarter valued at $164,000. Mason Street Advisors LLC lifted its holdings in CF Industries Holdings by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 32,215 shares of the basic materials company’s stock valued at $946,000 after purchasing an additional 326 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in CF Industries Holdings by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 137 shares in the last quarter.
CF Industries Holdings 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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