Citigroup Inc. upgraded shares of CF Industries Holdings, Inc. (NYSE:CF) from a neutral rating to a buy rating in a research note released on Monday, May 15th, StockTargetPrices.com reports.
Several other research firms have also weighed in on CF. Credit Suisse Group lifted their price target on CF Industries Holdings from $26.00 to $39.00 and gave the company an outperform rating in a research report on Wednesday, January 25th. Zacks Investment Research lowered CF Industries Holdings from a buy rating to a hold rating in a research report on Thursday, January 26th. Vetr upgraded CF Industries Holdings from a hold rating to a buy rating and set a $37.84 price target on the stock in a research report on Monday, January 30th. Cowen and Company upgraded CF Industries Holdings from an underperform rating to a market perform rating and set a $31.00 price target on the stock in a research report on Tuesday, January 24th. Finally, Royal Bank of Canada set a $27.00 price target on CF Industries Holdings and gave the company an underperform rating in a research report on Friday, February 17th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. CF Industries Holdings currently has an average rating of Hold and an average price target of $31.92.
CF Industries Holdings (CF) traded up 3.10% during trading on Monday, hitting $27.58. The company’s stock had a trading volume of 4,027,496 shares. The firm has a 50 day moving average of $27.35 and a 200 day moving average of $30.17. The firm’s market cap is $6.43 billion. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $37.17.
CF Industries Holdings (NYSE:CF) last posted its earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.04. CF Industries Holdings had a negative net margin of 8.77% and a positive return on equity of 0.41%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $988.56 million. During the same period last year, the firm posted $0.40 earnings per share. CF Industries Holdings’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that CF Industries Holdings will post ($0.17) earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Thursday, May 11th. CF Industries Holdings’s payout ratio is currently -85.71%.
Several hedge funds and other institutional investors have recently made changes to their positions 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 during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of CF Industries Holdings by 341.6% in the third quarter. Adage Capital Partners GP L.L.C. now owns 6,574,800 shares of the basic materials company’s stock worth $160,096,000 after buying an additional 5,086,100 shares during the last quarter. Capital World Investors acquired a new position in shares of CF Industries Holdings during the third quarter worth about $113,228,000. FMR LLC increased its position in shares of CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock worth $699,295,000 after buying an additional 2,577,455 shares during the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of CF Industries Holdings during the fourth quarter worth about $66,192,000. 99.74% of the stock is currently owned by hedge funds and other institutional investors.
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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