Atlantic Securities Downgrades CF Industries Holdings, Inc. (CF) to Underweight

CF Industries Holdings, Inc. (NYSE:CF) was downgraded by research analysts at Atlantic Securities from a “neutral” rating to an “underweight” rating in a report released on Tuesday. The analysts noted that the move was a valuation call.

Several other brokerages have also recently issued reports on CF. initiated coverage on CF Industries Holdings in a report on Wednesday, October 11th. They issued a “hold” rating and a $36.30 target price for the company. BidaskClub cut CF Industries Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Royal Bank Of Canada increased their price target on CF Industries Holdings from $27.00 to $32.00 and gave the stock an “underperform” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group set a $30.00 price target on CF Industries Holdings and gave the stock a “hold” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.74.

CF Industries Holdings (NYSE CF) traded down $0.20 during midday trading on Tuesday, reaching $35.32. The company had a trading volume of 4,213,000 shares, compared to its average volume of 4,539,898. CF Industries Holdings has a 1 year low of $25.04 and a 1 year high of $39.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51.

CF Industries Holdings (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). The firm had revenue of $870.00 million during the quarter, compared to analyst estimates of $733.63 million. CF Industries Holdings had a negative net margin of 10.95% and a negative return on equity of 2.29%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. sell-side analysts forecast that CF Industries Holdings will post -0.35 earnings per share for the current year.

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Hedge funds have recently bought and sold shares of the business. Saratoga Research & Investment Management acquired a new stake in CF Industries Holdings in 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 worth $118,000 after acquiring 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 worth $122,000 after acquiring an additional 800 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of CF Industries Holdings during the 2nd quarter worth about $126,000. Finally, BT Investment Management Ltd acquired a new stake in shares of CF Industries Holdings during the 2nd quarter worth about $126,000.

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).

Analyst Recommendations for CF Industries Holdings (NYSE:CF)

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