Atlantic Securities downgraded shares of CF Industries Holdings, Inc. (NYSE:CF) from a neutral rating to an underweight rating in a report released on Tuesday, MarketBeat.com reports. The analysts noted that the move was a valuation call.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of CF Industries Holdings from a sell rating to a hold rating in a report on Wednesday, August 16th. Piper Jaffray Companies reaffirmed a hold rating on shares of CF Industries Holdings in a report on Friday, August 4th. ValuEngine raised shares of CF Industries Holdings from a sell rating to a hold rating in a report on Tuesday, July 25th. Royal Bank Of Canada upped their target price on shares of CF Industries Holdings from $23.00 to $27.00 and gave the stock an underperform rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets upped their target price on shares of CF Industries Holdings from $38.00 to $43.00 and gave the stock a market perform rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $34.74.
Shares of CF Industries Holdings (NYSE:CF) traded down $0.69 during trading on Tuesday, reaching $35.48. 4,302,951 shares of the company traded hands, compared to its average volume of 4,532,712. 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 has a one year low of $25.04 and a one year high of $39.32.
CF Industries Holdings (NYSE:CF) last issued its earnings results 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). The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. CF Industries Holdings had a negative return on equity of 2.29% and a negative net margin of 10.95%. The company’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. sell-side analysts forecast that CF Industries Holdings will post -0.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, November 14th. CF Industries Holdings’s dividend payout ratio is -65.57%.
Several hedge funds and other institutional investors have recently made changes to their positions in CF. Saratoga Research & Investment Management purchased a new stake in shares of CF Industries Holdings during the 3rd quarter valued at about $108,000. Ffcm LLC raised its position in shares of CF Industries Holdings by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after buying an additional 2,772 shares in the last quarter. Financial Architects Inc raised its position in shares of CF Industries Holdings by 22.5% during the 2nd quarter. Financial Architects Inc now owns 4,350 shares of the basic materials company’s stock valued at $122,000 after buying an additional 800 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of CF Industries Holdings during the 2nd quarter valued at about $126,000. Finally, BT Investment Management Ltd purchased a new stake in shares of CF Industries Holdings during the 2nd quarter valued at about $126,000.
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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