CF Industries Holdings Inc. (CF) Stock Rating Lowered by Vetr Inc.
CF Industries Holdings Inc. (NYSE:CF) was downgraded by equities research analysts at Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Monday. They currently have a $23.58 price target on the stock. Vetr‘s price objective would indicate a potential downside of 14.04% from the stock’s current price.
Several other research firms have also commented on CF. Wood & Company lowered shares of CF Industries Holdings to an “underperform” rating in a research note on Tuesday, November 22nd. RBC Capital Markets lowered shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Royal Bank Of Canada lowered shares of CF Industries Holdings from a “sector perform” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research note on Tuesday, November 22nd. Credit Suisse Group AG set a $26.00 price objective on shares of CF Industries Holdings and gave the stock a “buy” rating in a research note on Sunday, September 18th. Finally, Barclays PLC dropped their price objective on shares of CF Industries Holdings from $31.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, August 18th. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $27.79.
Shares of CF Industries Holdings (NYSE:CF) opened at 27.43 on Monday. The firm’s 50-day moving average is $25.52 and its 200 day moving average is $25.57. The stock has a market cap of $6.39 billion, a PE ratio of 91.43 and a beta of 1.32. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $46.75.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. CF Industries Holdings had a net margin of 1.77% and a return on equity of 5.94%. The company had revenue of $680 million for the quarter, compared to analysts’ expectations of $805.58 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. CF Industries Holdings’s quarterly revenue was down 26.7% on a year-over-year basis. On average, equities analysts predict that CF Industries Holdings will post $0.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 4.37%. CF Industries Holdings’s dividend payout ratio (DPR) is currently 413.79%.
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Several institutional investors have recently bought and sold shares of the stock. Nikko Asset Management Americas Inc. increased its position in CF Industries Holdings by 70.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 358,930 shares of the company’s stock valued at $8,736,000 after buying an additional 148,700 shares during the period. Nordea Investment Management AB increased its position in CF Industries Holdings by 25.9% in the second quarter. Nordea Investment Management AB now owns 294,508 shares of the company’s stock valued at $7,098,000 after buying an additional 60,501 shares during the period. Moon Capital Management LLC increased its position in CF Industries Holdings by 4.9% in the second quarter. Moon Capital Management LLC now owns 96,019 shares of the company’s stock valued at $2,314,000 after buying an additional 4,477 shares during the period. Fox Run Management L.L.C. bought a new position in CF Industries Holdings during the second quarter valued at about $301,000. Finally, Eqis Capital Management Inc. increased its position in CF Industries Holdings by 23.9% in the second quarter. Eqis Capital Management Inc. now owns 10,729 shares of the company’s stock valued at $259,000 after buying an additional 2,071 shares during the period. Hedge funds and other institutional investors own 98.73% of the company’s stock.
CF Industries Holdings Company Profile
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
To view Vetr’s full report, visit Vetr’s official website.
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