Royal Bank of Canada Cuts CF Industries Holdings, Inc. (CF) Price Target to $25.00

CF Industries Holdings, Inc. (NYSE:CF) had its price target lowered by Royal Bank of Canada from $26.00 to $25.00 in a research note published on Friday, May 5th. Royal Bank of Canada currently has an underperform rating on the basic materials company’s stock.

Other analysts also recently issued reports about the stock. Citigroup Inc reduced their target price on shares of CF Industries Holdings from $36.00 to $31.00 and set a neutral rating on the stock in a report on Tuesday, April 11th. BMO Capital Markets restated a buy rating and issued a $38.00 target price on shares of CF Industries Holdings in a report on Wednesday, April 5th. Vetr upgraded shares of CF Industries Holdings from a sell rating to a strong-buy rating and set a $38.00 target price on the stock in a report on Monday, March 20th. Credit Suisse Group AG reiterated a buy rating and set a $31.00 price target on shares of CF Industries Holdings in a report on Friday, April 21st. Finally, Cowen and Company set a $30.00 price target on shares of CF Industries Holdings and gave the company a hold rating in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. CF Industries Holdings presently has a consensus rating of Hold and a consensus target price of $31.77.

Shares of CF Industries Holdings (NYSE:CF) traded up 4.20% during midday trading on Friday, hitting $28.56. The company had a trading volume of 4,975,740 shares. The firm’s market capitalization is $6.66 billion. CF Industries Holdings has a 1-year low of $20.77 and a 1-year high of $37.17. The stock has a 50 day moving average price of $27.73 and a 200 day moving average price of $30.07.

CF Industries Holdings (NYSE:CF) last posted its earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.04. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. 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 earned $0.40 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that CF Industries Holdings will post ($0.14) EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.20 annualized dividend and a dividend yield of 4.20%. CF Industries Holdings’s payout ratio is presently 413.79%.

Large investors have recently bought and sold shares of the stock. Welch & Forbes LLC boosted its stake in CF Industries Holdings by 10.0% in the third quarter. Welch & Forbes LLC now owns 216,482 shares of the basic materials company’s stock worth $5,271,000 after buying an additional 19,660 shares during the last quarter. Glendon Capital Management LP boosted its stake in CF Industries Holdings by 14.4% in the third quarter. Glendon Capital Management LP now owns 2,443,651 shares of the basic materials company’s stock worth $59,503,000 after buying an additional 307,440 shares during the last quarter. Montgomery Investment Management Inc. boosted its stake in CF Industries Holdings by 47.3% in the third quarter. Montgomery Investment Management Inc. now owns 127,855 shares of the basic materials company’s stock worth $3,113,000 after buying an additional 41,050 shares during the last quarter. Nordea Investment Management AB boosted its stake in CF Industries Holdings by 5.5% in the third quarter. Nordea Investment Management AB now owns 310,820 shares of the basic materials company’s stock worth $7,568,000 after buying an additional 16,312 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in CF Industries Holdings during the third quarter worth approximately $869,000. 99.75% of the stock is owned by institutional investors.

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).

12 Month Chart for NYSE:CF

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