Zacks Investment Research lowered shares of CF Industries Holdings, Inc. (NYSE:CF) from a buy rating to a hold rating in a report published on Friday.
According to Zacks, “CF Industries posted a net loss in third-quarter 2017, which was wider on a year-over-year basis. However, adjusted loss and revenues beat the respective Zacks Consensus Estimate. CF Industries has outperformed the industry it belongs to over the past six months. CF Industries is well positioned to gain from its efforts to boost production capacity. It is also likely to benefit from higher nitrogen demand driven by healthy corn plantations. The company is also enjoying the benefit of ample natural gas supply. However, CF Industries anticipates the volatility in nitrogen pricing environment to continue through 2018. High supply levels in the global nitrogen market due to capacity additions are affecting prices. The company is also exposed to challenging agriculture market fundamentals. Moreover, CF Industries has a debt-laden balance sheet.”
Other research analysts have also issued research reports about the company. UBS AG restated a buy rating and set a $40.00 price objective (up previously from $33.00) on shares of CF Industries Holdings in a research report on Wednesday, October 4th. Barclays PLC lowered their price target on shares of CF Industries Holdings from $31.00 to $29.00 and set an equal weight rating for the company in a report on Thursday, July 13th. ValuEngine raised shares of CF Industries Holdings from a sell rating to a hold rating in a report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a hold rating and issued a $28.00 price target on shares of CF Industries Holdings in a report on Tuesday, September 5th. Finally, Credit Suisse Group set a $30.00 price target on shares of CF Industries Holdings and gave the company a hold rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average price target of $34.74.
Shares of CF Industries Holdings (NYSE:CF) traded up $0.14 during mid-day trading on Friday, reaching $37.28. The company’s stock had a trading volume of 3,391,200 shares, compared to its average volume of 4,554,821. CF Industries Holdings has a 1-year low of $25.04 and a 1-year high of $39.32. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.80.
CF Industries Holdings (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.04). The firm had revenue of $870.00 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS. analysts expect that CF Industries Holdings will post -0.38 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, November 14th. CF Industries Holdings’s payout ratio is -65.57%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tredje AP fonden grew its holdings in CF Industries Holdings by 11.2% in the third quarter. Tredje AP fonden now owns 46,081 shares of the basic materials company’s stock worth $1,620,000 after purchasing an additional 4,630 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in CF Industries Holdings by 35.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 114,380 shares of the basic materials company’s stock worth $4,022,000 after purchasing an additional 29,659 shares during the last quarter. KBC Group NV grew its holdings in CF Industries Holdings by 1.4% in the third quarter. KBC Group NV now owns 281,316 shares of the basic materials company’s stock worth $9,891,000 after purchasing an additional 3,995 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in CF Industries Holdings by 0.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,223,688 shares of the basic materials company’s stock worth $43,025,000 after purchasing an additional 11,018 shares during the last quarter. Finally, Investec Asset Management LTD purchased a new position in CF Industries Holdings in the third quarter worth $4,607,000.
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).
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