CF Industries to Merge With Parts of OCI

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Shares of CF Industries Holdings (NYSE:CF) traded up 5.45% during midday trading on Thursday, reaching $64.98. The net money flow for this transaction was recorded at $4.61.

The company shares have rallied 26.37% in the past 52 Weeks. The company’s 50 day moving average is $62.41 and its 200-day moving average is $60.72.

6/8/2015 – CF Industries Holdings had its price target raised by analysts at JPMorgan Chase & Co. from $290.00 to $315.00. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The firm has a market capitalization of $13.93 billion and a price-to-earnings ratio of 16.11. Option exercises are not covered. The company has received recommendation from many analysts. Piper Jaffray restated an “overweight” rating and set a $71.00 price target on shares of CF Industries Holdings in a research report on Tuesday, July 21st. A total of 2,022 shares were purchased at an average price of $249.21. The company reported $4.83 earnings per share (EPS) for the quarter, beating the analysts’ consensus estimate of $4.61 by $0.22. The firm earned $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion.

The firm also recently declared a quarterly dividend, which will be issued on Monday, August 31st.

Shares of CF Industries Holdings, Inc. (NYSE:CF) opened at 59.20 on Monday. Finally, Vetr downgraded shares of CF Industries Holdings from a “buy” rating to a “hold” rating and set a $59.22 price objective on the stock.in a report on Wednesday, July 29th. They now have a $56.55 price target on the stock.

CF Industries Holdings (NYSE:CF) last released its earnings results on Wednesday, May 6th. (NYSE:CF) is $70.32 and the 52-week low is $47.892.

Under the terms of the agreement, CF will become a subsidiary of a new holding company in the United Kingdom OCI will contribute its European, North American and Global Distribution businesses to the new UK company in exchange for shares equal to a fixed 25.6 per cent of the new company, plus $700 million of consideration to be paid in a mix of cash or shares. The Company operates in two segments: the nitrogen segment and the phosphate segment.

Global fertilizer prices have been under pressure as China steps up production. Its principal products in the phosphate segment are diammonium phosphate (DAP) and monoammonium phosphate (MAP). In May 2013, CF Industries Holdings Inc acquired 34% stake in Canadian Fertilizers Ltd.