Scotia Capital Cuts CF Industries Holdings to Sector Perform (CF)
CF Industries Holdings (NYSE: CF) was downgraded by equities research analysts at Scotia Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday.
A number of other firms have also recently commented on CF. Analysts at Bank of America (NYSE: BAC) raised their price target on shares of CF Industries Holdings from $252.00 to $259.00 in a research note to investors on Monday. Separately, analysts at Zacks downgraded shares of CF Industries Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, March 28th. They now have a $197.00 price target on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of CF Industries Holdings in a research note to investors on Monday, March 19th. They set a “neutral” rating and a $230.00 price target on the stock.
CF Industries Holdings traded down 2.72% on Monday, hitting $178.91. CF Industries Holdings has a 1-year low of $115.34 and a 1-year high of $203.32. The company has a market cap of $11.719 billion and a price-to-earnings ratio of 7.76.
CF Industries Holdings last released its earnings data on Thursday, May 3rd. The company reported $5.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.87 by $0.67. CF Industries Holdings’s revenue was up 30.1% compared to the same quarter last year. Analysts expect that CF Industries Holdings will post $5.15 EPS next quarter.
CF Industries Holdings, Inc. (CF Holdings) is a manufacturer and distributor of nitrogen and phosphate fertilizer products.