Goldman Sachs Upgrades CF Industries Holdings to Buy

Brokerage firm Goldman Sachs Upgrades its rating on CF Industries Holdings(CF). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 24, 2017, Cowen & Co. said it Upgrades its rating on CF Industries Holdings. The shares have been rated ‘Market Perform’ by the firm.

CF Industries Holdings (CF) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -1.05% at a volume of 44,95,829. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.58. The peak price level was also seen at $29.58 while the days lowest was $28.72. Finally the shares closed at $29.23. The 52-week high of the shares is $37.17 while the 52-week low is $20.77. According to the latest information available, the market cap of the company is $6,814 M.

CF Industries Holdings(CF) last announced its earnings results on Feb 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $867.000M. Analysts had an estimated revenue of $902.140M. Earnings per share were $-0.39. Analysts had estimated an EPS of $-0.06.

Several Insider Transactions has been reported to the SEC. On Aug 16, 2016, Robert C Arzbaecher (director) purchased 21,600 shares at $23.25 per share price.Also, 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.

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