Royal Bank Of Canada Cuts CF Industries Holdings, Inc. (NYSE:CF) Price Target to $23.00

CF Industries Holdings, Inc. (NYSE:CF) had its price target reduced by Royal Bank Of Canada from $25.00 to $23.00 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have an underperform rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the stock. UBS AG raised shares of CF Industries Holdings from a neutral rating to a buy rating and set a $33.00 price objective for the company in a research report on Friday, May 5th. Barclays PLC lowered their price objective on shares of CF Industries Holdings from $31.00 to $29.00 and set an equal weight rating for the company in a research report on Thursday, July 13th. Credit Suisse Group set a $31.00 target price on shares of CF Industries Holdings and gave the company a buy rating in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) raised shares of CF Industries Holdings from a neutral rating to a buy rating and set a $36.00 price objective for the company in a research report on Monday, March 20th. Finally, Stifel Nicolaus reissued a hold rating and issued a $28.00 price objective (down previously from $31.00) on shares of CF Industries Holdings in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. CF Industries Holdings presently has an average rating of Hold and a consensus price target of $31.43.

Shares of CF Industries Holdings (NYSE CF) traded up 0.55% during trading on Friday, reaching $29.43. The company’s stock had a trading volume of 3,003,367 shares. CF Industries Holdings has a 1-year low of $20.77 and a 1-year high of $37.17. The company’s 50-day moving average price is $27.41 and its 200 day moving average price is $30.05. The stock’s market capitalization is $6.86 billion.

CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $988.56 million. CF Industries Holdings had a negative net margin of 8.77% and a positive return on equity of 0.41%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 earnings per share. Analysts anticipate that CF Industries Holdings will post ($0.33) EPS for the current year.

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A number of large investors have recently bought and sold shares of CF. BlackRock Inc. raised its stake in CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares during the last quarter. KCG Holdings Inc. acquired a new stake in CF Industries Holdings during the first quarter worth $1,150,000. Northwestern Mutual Wealth Management Co. raised its stake in CF Industries Holdings by 34.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,512 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,415 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new stake in CF Industries Holdings during the first quarter worth $838,000. Finally, Raging Capital Management LLC acquired a new stake in CF Industries Holdings during the first quarter worth $8,115,000.

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).