Early on Friday, analysts at Dahlman Rose downgraded fertilizer manufacturer CF Industries Holdings, Inc. (CF) as a part of a sector-wide downgrade.
The analysts downgraded CF from “Buy” to “Sell” with a price target of $170. This target suggests about a 17% downside to Thursday’s closing price of $203.93.
A Dahlman Rose analyst commented, “We believe that the best market conditions for N, P, and K are behind them as new capacity moves forcefully ahead. Although 1H13 looks good, the industry maybe just one crop away from a significant earnings downdraft driven by crop and capacity issues.”
CF Industries shares were down slightly during pre-market trading on Friday. The stock is relatively flat over the past year.
The Bottom Line
Shares of CF Industries (CF) have a dividend yield of 0.78% based on last night’s closing price of $203.93 and the company’s annualized dividend payout of $1.60 per share.
CF Industries Holdings, Inc. (CF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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