An issue of CF Industries Holdings, Inc. (NYSE:CF) debt rose 1.6% as a percentage of its face value during trading on Monday. The high-yield issue of debt has a 4.95% coupon and is set to mature on June 1, 2043. The debt is now trading at $93.06 and was trading at $91.75 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.
A number of equities research analysts recently issued reports on CF shares. Credit Suisse Group set a $40.00 target price on CF Industries and gave the company a “hold” rating in a research report on Tuesday, January 16th. Cowen lifted their target price on CF Industries from $27.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered CF Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Stephens started coverage on CF Industries in a research report on Monday, December 4th. They issued an “equal weight” rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada set a $37.00 target price on CF Industries and gave the company a “sell” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. CF Industries has an average rating of “Hold” and a consensus target price of $37.71.
CF Industries Holdings, Inc. (CF) opened at $41.82 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.53 and a debt-to-equity ratio of 0.70. CF Industries Holdings, Inc. has a one year low of $25.04 and a one year high of $43.98.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.87%. CF Industries’s dividend payout ratio is 78.95%.
Hedge funds have recently bought and sold shares of the business. Saratoga Research & Investment Management bought a new position in CF Industries in the third quarter valued at approximately $108,000. Tower Research Capital LLC TRC boosted its stake in shares of CF Industries by 451.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,157 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 2,585 shares during the period. Delphi Private Advisors LLC bought a new position in shares of CF Industries during the 4th quarter worth approximately $144,000. Stuart Chaussee & Associates Inc. bought a new position in shares of CF Industries during the 4th quarter worth approximately $144,000. Finally, CoreCommodity Management LLC bought a new position in shares of CF Industries during the 4th quarter worth approximately $153,000.
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CF Industries 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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