CF Industries Holdings (CF) is Reiterated by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 26

CF Industries Holdings (CF) was Reiterated by RBC Capital Mkts to “Sector Perform” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $30 . RBC Capital Mkts advised their investors in a research report released on Jul 13, 2016.

Many Wall Street Analysts have commented on CF Industries Holdings. CF Industries Holdings was Upgraded by Credit Agricole to ” Buy” on Jun 6, 2016. Goldman Resumed CF Industries Holdings on Jun 3, 2016 to “Neutral”, Price Target of the shares are set at $30.Morgan Stanley Resumed CF Industries Holdings on May 25, 2016 to “Equal-Weight”, Price Target of the shares are set at $30.

On the company’s financial health, CF Industries Holdings reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $0.86. The company had revenue of $1115.80 million for the quarter, compared to analysts expectations of $1091.34 million. The company’s revenue was down -8.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.82 EPS.

CF Industries Holdings closed down -0.19 points or -0.76% at $24.67 with 36,99,506 shares getting traded on Monday. Post opening the session at $25.02, the shares hit an intraday low of $24.62 and an intraday high of $25.36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 25, 2016, Robert C Arzbaecher (director) purchased 17,275 shares at $28.00 per share price. According to the SEC, on May 24, 2016, Christopher D Bohn (Sr. VP, Manufacturing) purchased 12,500 shares at $27.92 per share price. On Feb 24, 2016, Bert A Frost (Sr. VP Sales, Dist’n & Mkt Dev) purchased 8,000 shares at $31.31 per share price, according to the Form-4 filing with the securities and exchange commission.

CF Industries Holdings Inc. is the manufacturer and distributor of nitrogen fertilizer and other nitrogen products. The Company’s nitrogen fertilizer products include ammonia granular urea and urea ammonium nitrate solution (UAN). The Company’s other nitrogen products include ammonium nitrate (AN) diesel exhaust fluid (DEF) urea liquor and aqua ammonia. The Company’s customers include cooperatives independent fertilizer distributors and industrial users. It operates seven nitrogen fertilizer production facilities in North America. The Company owns four production facilities in the Central United States one in Medicine Hat Alberta Canada and one in Courtright Ontario Canada. It also has a 75.3% interest in Terra Nitrogen Company L.P. (TNCLP) and its subsidiary TNLP which owns a nitrogen fertilizer facility in Verdigris Oklahoma.

CF Industries Holdings

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