CF Industries Holdings, Inc. (NYSE:CF) had its price objective boosted by Royal Bank Of Canada from $27.00 to $32.00 in a research note issued to investors on Friday. They currently have an underperform rating on the basic materials company’s stock.
A number of other analysts also recently issued reports on CF. Zacks Investment Research raised CF Industries Holdings from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Wednesday, October 25th. Credit Suisse Group set a $30.00 target price on CF Industries Holdings and gave the company a hold rating in a research report on Friday, August 4th. Piper Jaffray Companies reaffirmed a hold rating on shares of CF Industries Holdings in a research report on Friday, August 4th. ValuEngine raised CF Industries Holdings from a sell rating to a hold rating in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded CF Industries Holdings from a hold rating to a sell rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $34.52.
CF Industries Holdings (NYSE:CF) traded up $0.56 during trading hours on Friday, hitting $38.60. The company had a trading volume of 3,493,860 shares, compared to its average volume of 3,838,839. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.63 and a current ratio of 1.71. CF Industries Holdings has a twelve month low of $22.58 and a twelve month high of $39.04.
CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). The company 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%. CF Industries Holdings’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 EPS. analysts anticipate that CF Industries Holdings will post -0.6 earnings per share for the current year.
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The company 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 $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, November 14th. CF Industries Holdings’s payout ratio is -65.57%.
In other news, VP Bert A. Frost sold 6,400 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total value of $201,792.00. Following the transaction, the vice president now owns 59,732 shares of the company’s stock, valued at $1,883,349.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Saratoga Research & Investment Management bought a new stake in shares of CF Industries Holdings in the third quarter valued at approximately $108,000. Ffcm LLC boosted its stake in shares of CF Industries Holdings by 218.4% in the second 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 during the period. Financial Architects Inc boosted its stake in shares of CF Industries Holdings by 22.5% in the second 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 during the period. Pacad Investment Ltd. bought a new stake in shares of CF Industries Holdings in the second quarter valued at approximately $126,000. Finally, BT Investment Management Ltd bought a new stake in shares of CF Industries Holdings in the second quarter valued at approximately $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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