CF Industries Holdings Inc (CF), HollyFrontier Corp (HFC), Plum Creek Timber Co. (PCL), Petrofac Ltd (PFC) and CONSOL Energy Inc. (CNX) had ratings on them changed or initiated by analysts.
JPMorgan Chase (JPM) upgraded CF Industries Holdings Inc (CF) from a "Neutral" rating to an "Overweight" rating. They have a price target of $253.00 on the company.
Wells Fargo & Co. (WFC) upgraded HollyFrontier Corp (HFC) from a "Market Perform" rating to an "Outperform" rating.
Bank of America (BAC) upgraded Plum Creek Timber Co. (PCL) from an "Underperform" rating to a "Neutral" rating. They have a price target of $47.00 on the company.
Investec upgraded Petrofac Ltd (PFC) to a "Buy" rating. They have a price target of $32.26 on the company.
Global Hunter Securities initiated coverage on CONSOL Energy Inc. (CNX). They have a "Neutral" rating and a price target of $35.00 on the company.
Showing posts with label CF Industries. Show all posts
Showing posts with label CF Industries. Show all posts
Friday, September 14, 2012
Friday, September 7, 2012
CF (CF) (DNR) (ANV) (BRD) (EOG) (SUN) (TLM) Ratings Changes
CF Industries Holdings Inc (CF), Denbury Resources Inc. (DNR), Allied Nevada Gold Corp (ANV), Brigus Gold (BRD), EOG Resources (EOG), Sunoco, Inc. (SUN) and Talisman Energy (TLM) had ratings on them adjusted by analysts.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Monday, March 5, 2012
CF (CF) (RRC) (WY) (ATW) (COST) (END) (GWRE) Ratings, Price Targets
CF Industries Holdings (CF), Range Resources (RRC), Weyerhaeuser (WY), Atwood Oceanics, Inc. (ATW), Costco (COST), Endeavour International Co. (END) and Guidewire Software (GWRE) had ratings and price targets on them adjusted by analysts.
Citigroup downgraded CF Industries Holdings (CF) from a "Buy" rating to a "Neutral" rating.
Stephens upgraded Range Resources (RRC) from a "Equal Weight" rating to an "Overweight" rating.
BMO Capital Markets upgraded Weyerhaeuser (WY) from a "Underperform" rating to a "Market Perform" rating.
Wells Fargo & Co. upgraded Atwood Oceanics, Inc. (ATW) from a "Market Perform" rating to an "Outperform" rating.
William Blair upgraded Costco (COST) from a "Market Perform" rating to an "Outperform" rating.
Sidoti upgraded Endeavour International Co. (END) from a "Neutral" rating to a "Buy" rating.
Citigroup initiated coverage on Guidewire Software (GWRE). They placed a "Neutral" rating on the company.
Citigroup downgraded CF Industries Holdings (CF) from a "Buy" rating to a "Neutral" rating.
Stephens upgraded Range Resources (RRC) from a "Equal Weight" rating to an "Overweight" rating.
BMO Capital Markets upgraded Weyerhaeuser (WY) from a "Underperform" rating to a "Market Perform" rating.
Wells Fargo & Co. upgraded Atwood Oceanics, Inc. (ATW) from a "Market Perform" rating to an "Outperform" rating.
William Blair upgraded Costco (COST) from a "Market Perform" rating to an "Outperform" rating.
Sidoti upgraded Endeavour International Co. (END) from a "Neutral" rating to a "Buy" rating.
Citigroup initiated coverage on Guidewire Software (GWRE). They placed a "Neutral" rating on the company.
Wednesday, February 1, 2012
CF (CF) (REXX) (RRC) (THRX) (VECO) (ENTR) Ratings, Price Targets
CF Industries Holdings (NYSE: CF), Rex Energy (NASDAQ: REXX), Range Resources (NYSE: RRC), Theravance, Inc. (NASDAQ: THRX), Veeco Instruments Inc. (NASDAQ: VECO) and Entropic (NASDAQ: ENTR) ratings and price targets.
Rex Energy (REXX) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating.
CF Industries Holdings (CF) was upgraded by Goldman Sachs (NYSE:GS)from a “Neutral” rating to a “Buy” rating.
Range Resources (RRC) was upgraded by Canaccord Genuity from a “Sell” rating to a “Hold” rating. They have a price target of $59.00 on the company, down from $60.00.
Morgan Stanley (NYSE:MS) initiated coverage on Theravance, Inc. (THRX). They placed an “Underweight” rating and a price target of $12.00 on the company.
Exane BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
Roth Capital initiated coverage on Entropic (ENTR). They placed a “Buy” rating on the company.
Rex Energy (REXX) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating.
CF Industries Holdings (CF) was upgraded by Goldman Sachs (NYSE:GS)from a “Neutral” rating to a “Buy” rating.
Range Resources (RRC) was upgraded by Canaccord Genuity from a “Sell” rating to a “Hold” rating. They have a price target of $59.00 on the company, down from $60.00.
Morgan Stanley (NYSE:MS) initiated coverage on Theravance, Inc. (THRX). They placed an “Underweight” rating and a price target of $12.00 on the company.
Exane BNP Paribas initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Neutral” rating on the company.
Roth Capital initiated coverage on Entropic (ENTR). They placed a “Buy” rating on the company.
Monday, January 30, 2012
CF (DF) (MSFT) (C) (TEN) (OMC) (PFS) Ratings, Price Targets
CF Industries (NYSE:CF), Microsoft (NASDAQ:MSFT), Citigroup (NYSE:C), Tenneco (NYSE:TEN), Omnicom (NYSE:OMC) and Provident Financial (NYSE:PFS) ratings and price targets.
Microsoft (MSFT) was upgraded by Atlantic Equities from a "Neutral" rating to an "Overweight" rating.
Goldman Sachs (NYSE:GS) upgraded Citigroup (C) from a "Neutral" rating to a "Buy" ratings.
Tenneco (TEN) was upgraded by Wells Fargo (NYSE:WFC) from a "Market Perform" rating to an "Outperform" rating.
CF Industries (DF) was downgraded by Dahlman Rose from a "Buy" rating to a "Hold" rating. They have a price target of $180.00 on the company.
Omnicom (OMC) was downgraded by BMO Capital from an "Outperform" rating to a "Market Perform" rating.
Provident Financial (PFS) was downgraded by Janney Montgomery Scott from a "Buy" rating to a "Neutral" rating.
Microsoft (MSFT) was upgraded by Atlantic Equities from a "Neutral" rating to an "Overweight" rating.
Goldman Sachs (NYSE:GS) upgraded Citigroup (C) from a "Neutral" rating to a "Buy" ratings.
Tenneco (TEN) was upgraded by Wells Fargo (NYSE:WFC) from a "Market Perform" rating to an "Outperform" rating.
CF Industries (DF) was downgraded by Dahlman Rose from a "Buy" rating to a "Hold" rating. They have a price target of $180.00 on the company.
Omnicom (OMC) was downgraded by BMO Capital from an "Outperform" rating to a "Market Perform" rating.
Provident Financial (PFS) was downgraded by Janney Montgomery Scott from a "Buy" rating to a "Neutral" rating.
Friday, June 10, 2011
Potash (POT) (CF) (MOS) (AGU) (MON) (DE) Jump on Record Corn Futures
Potash (NYSE:POT), CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) and Monsanto (NYSE:MON) close up as corn futures settle at record price.
Also climbing was Deere & Co. (NYSE:DE), as the manufacturer of farm, turf and lawn equipment usually moves up on positive agriculture news.
Corn futures soared to a new settlement price record, with the July front-month contract rising 21 cents, or 2.8 percent, to settle at $7.854 a bushel on the Chicago Board of Trade. It reached as high as $7.93 before pulling back.
Lower acreage planted in the U.S., rising demand from China, and weather-related crop damage is pushing the price of corn up.
Wasting corn supply on ethanol is also weighing on the corn equation.
Potash closed Thursday at $55.36, gaining $2.12, or 3.98 percent. CF Industries closed at $154.86, soaring $6.24, or 4.20 percent. Mosaic closed at $68.84, rising $3.18, or 4.84 percent. Agrium ended the day at $84.71, jumping $2.76, or 3.37 percent. Monsanto closed at $69.51, up $1.89, or 2.80 percent. Deere closed at $82.00, increasing $2.04, or 2.55 percent.
Also climbing was Deere & Co. (NYSE:DE), as the manufacturer of farm, turf and lawn equipment usually moves up on positive agriculture news.
Corn futures soared to a new settlement price record, with the July front-month contract rising 21 cents, or 2.8 percent, to settle at $7.854 a bushel on the Chicago Board of Trade. It reached as high as $7.93 before pulling back.
Lower acreage planted in the U.S., rising demand from China, and weather-related crop damage is pushing the price of corn up.
Wasting corn supply on ethanol is also weighing on the corn equation.
Potash closed Thursday at $55.36, gaining $2.12, or 3.98 percent. CF Industries closed at $154.86, soaring $6.24, or 4.20 percent. Mosaic closed at $68.84, rising $3.18, or 4.84 percent. Agrium ended the day at $84.71, jumping $2.76, or 3.37 percent. Monsanto closed at $69.51, up $1.89, or 2.80 percent. Deere closed at $82.00, increasing $2.04, or 2.55 percent.
Tuesday, May 24, 2011
CF (CF) Gets Fertilized by JPMorgan (JPM)
CF Industries Holdings Inc (NYSE: CF) got some rating fertilizer from JPMorgan (NYSE:JPM) and shares in the company soared.
JPMorgan upgraded CF from a "Neutral" rating to an "Overweight" rating, placing a price target of $170 on the fertilizer company.
The overall sector received a boost, which also helped CF, as Citibank (NYSE:C) said they see the industry being able to successfully raise fertilizer prices, which will also help CF competitors Potash Corp. (NYSE:POT), Agrium (NYSE:AGU) and Mosaic (NYSE:MOS).
For CF specifically, JPMorgan said the positive outlook for the agriculture sector and the healthy cash flow of CF is the catalyst behind their upgrade.
Higher crop prices should stimulate the fertilizer sector and open farmers' wallets without too much trepidation.
CF Industries closed Monday at $147.75, soaring $8.69, or 6.25 percent.
JPMorgan upgraded CF from a "Neutral" rating to an "Overweight" rating, placing a price target of $170 on the fertilizer company.
The overall sector received a boost, which also helped CF, as Citibank (NYSE:C) said they see the industry being able to successfully raise fertilizer prices, which will also help CF competitors Potash Corp. (NYSE:POT), Agrium (NYSE:AGU) and Mosaic (NYSE:MOS).
For CF specifically, JPMorgan said the positive outlook for the agriculture sector and the healthy cash flow of CF is the catalyst behind their upgrade.
Higher crop prices should stimulate the fertilizer sector and open farmers' wallets without too much trepidation.
CF Industries closed Monday at $147.75, soaring $8.69, or 6.25 percent.
Tuesday, November 2, 2010
Mosaic (NYSE:MOS), CF (NYSE:CF) Will Benefit from Fertilizer Price Increases says Barclays (NYSE:BCS)
The increase in the price of corn and soybeans has been a gamechanger in the fertilizer industry, and Barclays (NYSE:BCS) sees CF Industries (NYSE:CF) and Mosaic (NYSE:MOS) benefiting strongly from it.
Barclays expects and especially strong move from CF Industries, raising their price target on them from $105 to $130 over the next year, and for Mosaic, they raised the price target on them from $60 to $69.
For CF, Barclays sees them driven by higher raising nitrogen prices, increasing estimates for CF from $264 a ton to $296 a ton and its 2011 estimate from $257 to $288. The firms 2010 average phosphate price estimate was increased from $410 to $494 and its 2011 estimate raised from $408 to $474.
Concerning phosphate prices for Mosaic, Barclays boosted their 2011 and 2012 phosphate price estimate from $451 and $433 to $480 and $476.
CF closed Monday at $121.39, losing $1.14, or 0.93 percent. Mosaic closed down at $72.33, falling $0.83, or 1.13 percent.
Barclays expects and especially strong move from CF Industries, raising their price target on them from $105 to $130 over the next year, and for Mosaic, they raised the price target on them from $60 to $69.
For CF, Barclays sees them driven by higher raising nitrogen prices, increasing estimates for CF from $264 a ton to $296 a ton and its 2011 estimate from $257 to $288. The firms 2010 average phosphate price estimate was increased from $410 to $494 and its 2011 estimate raised from $408 to $474.
Concerning phosphate prices for Mosaic, Barclays boosted their 2011 and 2012 phosphate price estimate from $451 and $433 to $480 and $476.
CF closed Monday at $121.39, losing $1.14, or 0.93 percent. Mosaic closed down at $72.33, falling $0.83, or 1.13 percent.
Wednesday, October 27, 2010
Agrium (NYSE:AGU), CF (NYSE:CF), The Way to Play Corn says Soleil
With corn, and by extension - nitrogen fertilizer, rising in price, the best way to play the sector is through Agrium (NYSE:AGU) and CF Industries, says Soleil Securities.
Soleil initiated coverage on Agrium with a "Buy" rating, saying they have an attractive valuation.
"In addition to CF Industries (Buy), we view Agrium as a way to play corn through nitrogen fertilizer...Ag-flation is back. The macro environment is favorable due to low interest rates and a weak dollar. Crop prices are up an average of 50% since June 30 on production-negative and therefore price-positive USDA grain reports ... Even after a 70% move since June 30 compared to a 12% gain in the S&P 500, the shares are now selling just at 12.7x our above-consensus EPS estimate of $6.83 per share."
Agrium Closed Monday at $88.53, gaining $1.31, or 1.50 percent. Soleil has a price target of $100 on them.
Soleil initiated coverage on Agrium with a "Buy" rating, saying they have an attractive valuation.
"In addition to CF Industries (Buy), we view Agrium as a way to play corn through nitrogen fertilizer...Ag-flation is back. The macro environment is favorable due to low interest rates and a weak dollar. Crop prices are up an average of 50% since June 30 on production-negative and therefore price-positive USDA grain reports ... Even after a 70% move since June 30 compared to a 12% gain in the S&P 500, the shares are now selling just at 12.7x our above-consensus EPS estimate of $6.83 per share."
Agrium Closed Monday at $88.53, gaining $1.31, or 1.50 percent. Soleil has a price target of $100 on them.
Monday, October 18, 2010
When will Potash, (NYSE:POT), CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) and Intrepid Potash (NYSE:IPI) Cool Off?
The agriculture sector was hit with two major catalyst in the a similar period of time, giving companies like Potash Corp. of Saskatchewan (NYSE:POT), CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) and Intrepid Potash (NYSE:IPI) a big boost in share price.
It began when BHP (NYSE:BHP) made their $130 a share bid for Potash Corp. Then the confirmation came that corn and soybean yields would be far below prior estimates.
With the industry propped up from BHP's bid and assumptions some consolidation may start to happen, along with corn and soybean prices soaring, share prices of these companies and others connected to agriculture rose significantly.
Prices for all the companies mentioned above have soared since August.
Depending on if investors believe commodity prices are driving the move or the bid by BHP is the key factor, will determine how they are played. More than likely it's a combination of both. And depending on whether or not BHP is given the okay to take over Potash will decide how much of a factor that played in the sector.
At minimum if they are rejected, will see some pull back in the stocks. If they go forward, they could continue their upward climb for some time.
Another element is how much this will affect the price offered by BHP. They may have to push it up to somewhere in-between the existing share price of Potash and the $130 bid.
It began when BHP (NYSE:BHP) made their $130 a share bid for Potash Corp. Then the confirmation came that corn and soybean yields would be far below prior estimates.
With the industry propped up from BHP's bid and assumptions some consolidation may start to happen, along with corn and soybean prices soaring, share prices of these companies and others connected to agriculture rose significantly.
Prices for all the companies mentioned above have soared since August.
Depending on if investors believe commodity prices are driving the move or the bid by BHP is the key factor, will determine how they are played. More than likely it's a combination of both. And depending on whether or not BHP is given the okay to take over Potash will decide how much of a factor that played in the sector.
At minimum if they are rejected, will see some pull back in the stocks. If they go forward, they could continue their upward climb for some time.
Another element is how much this will affect the price offered by BHP. They may have to push it up to somewhere in-between the existing share price of Potash and the $130 bid.
Tuesday, October 12, 2010
Terra Nitrogen, (NYSE:TNH), CF Industries (NYSE:CF), Syngenta and Higher Corn Prices
Terra Nitrogen Company, L.P. (NYSE:TNH), CF Industries Holdings, Inc. (NYSE:CF) and Syngenta AG (NYSE:SYT) all moved up strongly on Monday as the market digested the lower estimates related to corn, soybeans and wheat, and especially corn and soybeans, whose estimates were lowered by over 20 percent each.
CF Industries and Terra were both up over three percent, while Syngenta moved up over 1 percent on the day.
Much of the agriculture sector increased in share price on Monday, including most farming equipment makers, fertilizer companies and some seed companies, including Monsanto (NYSE:MON).
Larger fertilizer companies like Potash (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU) went positive, all up over 1.5 percent, with Agrium finishing up over 2.3 percent.
Syngenta AG moved up at the levels of Potash and Mosaic, closing the day at $53.81, up $0.72, or 1.36 percent. Terra Nitrogen closed the session at $106.52, rising $3.12, or 3.02 percent. CF Industries ended the day at $113.45, gaining $3.55, or 3.23 percent.
CF Industries and Terra were both up over three percent, while Syngenta moved up over 1 percent on the day.
Much of the agriculture sector increased in share price on Monday, including most farming equipment makers, fertilizer companies and some seed companies, including Monsanto (NYSE:MON).
Larger fertilizer companies like Potash (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU) went positive, all up over 1.5 percent, with Agrium finishing up over 2.3 percent.
Syngenta AG moved up at the levels of Potash and Mosaic, closing the day at $53.81, up $0.72, or 1.36 percent. Terra Nitrogen closed the session at $106.52, rising $3.12, or 3.02 percent. CF Industries ended the day at $113.45, gaining $3.55, or 3.23 percent.
Friday, October 8, 2010
CNH (NYSE:CNH), Deere (NYSE:DE), Agco (NYSE:AGCO) Skyrocket on Lower Corn Projections
The downward adjustment of corn production by the U.S. Department of Agriculture has driven up stocks in the agriculture sector Friday, including farm equipment makers CNH Global NV, (NYSE:CNH), Deere & Co. (NYSE:DE) and Agco Corp. (NYSE:AGCO)
Major fertilizer movers are CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).
For the farm equipment companies, leading the sector is CNH Global NV, which stood at $41.34, gaining $3.65, or 9.68 percent at 1:38 PM EDT. Agco Corp. was right behind them, rising to $42.81, a gain of $3.60, or 9.18 percent. Deere surged to $76.32, gaining $4.42, or 6.15 percent.
Corn, wheat and soybeans were all up on the downwardly revised corn expectations.
Major fertilizer movers are CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).
For the farm equipment companies, leading the sector is CNH Global NV, which stood at $41.34, gaining $3.65, or 9.68 percent at 1:38 PM EDT. Agco Corp. was right behind them, rising to $42.81, a gain of $3.60, or 9.18 percent. Deere surged to $76.32, gaining $4.42, or 6.15 percent.
Corn, wheat and soybeans were all up on the downwardly revised corn expectations.
CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) Soar on Corn Forecast
The fertilizer industry is popping today on the U.S. Department of Agriculture’s crop forecast report which lowered its forecast for corn. CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU)
Major crops corn, wheat and soybeans all rose on shrinking corn expectations.
CF is leading the sector higher, skyrocketing by $11.72, to increase to $110.36, an 11.88 percent gain a of 1:25 PM EDT. Mosaic was next, rising a hefty $5.83 to $67.39, gaining 9.48 percent, and Agrium followed with a gain of $5.52, up to $80.92, a 7.32 percent increase.
Also helping to push up prices was a nod from mining giant Rio Tinto (NYSE:RTP) that they are starting to be impressed with the fertilizer sector, especially potash.
Major crops corn, wheat and soybeans all rose on shrinking corn expectations.
CF is leading the sector higher, skyrocketing by $11.72, to increase to $110.36, an 11.88 percent gain a of 1:25 PM EDT. Mosaic was next, rising a hefty $5.83 to $67.39, gaining 9.48 percent, and Agrium followed with a gain of $5.52, up to $80.92, a 7.32 percent increase.
Also helping to push up prices was a nod from mining giant Rio Tinto (NYSE:RTP) that they are starting to be impressed with the fertilizer sector, especially potash.
Friday, September 24, 2010
CF Industries (NYSE:CF) Gets Mixed Coverage
CF Industries (NYSE:CF) has received a lot of coverage from companies lately, with two looking positive at the fertilizer company, and one looking negative, with most investors seeming to believe the negative report rather than the two positive ones.
The damage was done by Dahlman Rose, which downgraded CF in the middle of Thursday's trading session, dropping their rating from "Buy" to "Hold." The stock plunged afterwards.
Soleil on the other hand upgraded CF from "Hold" to "Buy," while raising their price target from $105 to $116.
They said CF "embeds a paired trade: long corn and short natural gas."
Earnings per share for full year 2011 was raised from $8.10 to $9.44 by Soleil.
Susquehanna initiated coverage on CF with a "Positive," citing the strength of their nitrogen business.
The company said they consider CF the "purest" nitrogen play in the North American market.
With nitrogen profits expected to explode by Susquehanna, they believe nitrogen EBITDA could could grow as much as 77 percent in 2010, with 2011 adding another 28 percent.
"CF provides the best leverage to surging corn prices, and our
expectations for a 4 million increase in 2011 corn acreage," said Susquehanna.
They have a price target of $129 on CF.
CF closed at $98.68 Thursday, plummeting $2.75, or 2.71 percent.
The damage was done by Dahlman Rose, which downgraded CF in the middle of Thursday's trading session, dropping their rating from "Buy" to "Hold." The stock plunged afterwards.
Soleil on the other hand upgraded CF from "Hold" to "Buy," while raising their price target from $105 to $116.
They said CF "embeds a paired trade: long corn and short natural gas."
Earnings per share for full year 2011 was raised from $8.10 to $9.44 by Soleil.
Susquehanna initiated coverage on CF with a "Positive," citing the strength of their nitrogen business.
The company said they consider CF the "purest" nitrogen play in the North American market.
With nitrogen profits expected to explode by Susquehanna, they believe nitrogen EBITDA could could grow as much as 77 percent in 2010, with 2011 adding another 28 percent.
"CF provides the best leverage to surging corn prices, and our
expectations for a 4 million increase in 2011 corn acreage," said Susquehanna.
They have a price target of $129 on CF.
CF closed at $98.68 Thursday, plummeting $2.75, or 2.71 percent.
Thursday, September 23, 2010
Monsanto (NYSE:MON), CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU) all Revised by Atlantic Equities
Atlantic Equities didn't show a lot of love towards the agriculture sector, as the downgraded a couple of giants, while maintaining their current rating on the rest, including Monsanto (NYSE:MON), CF Industries (NYSE:CF), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU).
Analyst Colin Isaac downgraded Monsanto from "Overweight" to "Neutral," while lowering the price target on the giant seed company from $75 to $65.
For Mosaic, they were downgraded from "Neutral" to "Underweight," with the price target also cut - from $53 to $51.
Agrium was maintained at "Overweight," with their price target being increased from $75 to $85, and CF Industries was also maintained, them at "Neutral," with the price target raised in a big way from $70 to $95.
The price target on Potash (NYSE:POT) was maintained at $95, as well as the "Neutral" rating on the company.
Analyst Colin Isaac downgraded Monsanto from "Overweight" to "Neutral," while lowering the price target on the giant seed company from $75 to $65.
For Mosaic, they were downgraded from "Neutral" to "Underweight," with the price target also cut - from $53 to $51.
Agrium was maintained at "Overweight," with their price target being increased from $75 to $85, and CF Industries was also maintained, them at "Neutral," with the price target raised in a big way from $70 to $95.
The price target on Potash (NYSE:POT) was maintained at $95, as well as the "Neutral" rating on the company.
Friday, August 20, 2010
Rumors of Potash (NYSE:POT) Bidding War Going Viral
Ever since the $130-a-share offer for Potash Corp. of Saskatchewan Inc. (NYSE:POT) by BHP Billiton (NYSE:BHP), rumors have skyrocketed concerning an inevitable bidding war that is about to emerge.
Major mining company competitors of BHP like Rio Tinto (NYSE:RTP) and Vale (NYSE:VALE) have been mentioned as possible suitors, although the likelihood of a state-owned business would probably be the biggest competitor to BHP.
China is one of the more obvious choices there, as they consume about 30 percent of the fertilizer in the world, and owning Potash would be a huge win for them.
Russia has also been mentioned as a possible suitor, although they would probably have trouble competing against China, or some of the giant mining companies.
One dark-horse in the possible bidding war could be India, who has a strong need for fertilizer as well, and may have the resources to compete with a Chinese bid.
If this bidding war does ensue, it will be bad news for investors who want to invest in Potash, as it is probably already overvalued from the BHP bid.
But for Potash shareholders, it's a golden opportunity to really make some big profits if the bidding war becomes a reality.
Investors will also have to be careful of the other fertilizer companies, which have moved up in price as an overall sector, and are without a doubt overvalued. The assumption is if Potash of Saskatchewan is a target, eventually the others will be too once a winner emerges and takes ownership of Potash.
Stocks like Agrium (NYSE: AGU), Intrepid Potash (NYSE:IPI) and CF Industries (NYSE:CF) did shoot up on the offer for Potash, but they're starting to come back to earth again, although they're sure to shoot up again if other bids for Potash come about.
Major mining company competitors of BHP like Rio Tinto (NYSE:RTP) and Vale (NYSE:VALE) have been mentioned as possible suitors, although the likelihood of a state-owned business would probably be the biggest competitor to BHP.
China is one of the more obvious choices there, as they consume about 30 percent of the fertilizer in the world, and owning Potash would be a huge win for them.
Russia has also been mentioned as a possible suitor, although they would probably have trouble competing against China, or some of the giant mining companies.
One dark-horse in the possible bidding war could be India, who has a strong need for fertilizer as well, and may have the resources to compete with a Chinese bid.
If this bidding war does ensue, it will be bad news for investors who want to invest in Potash, as it is probably already overvalued from the BHP bid.
But for Potash shareholders, it's a golden opportunity to really make some big profits if the bidding war becomes a reality.
Investors will also have to be careful of the other fertilizer companies, which have moved up in price as an overall sector, and are without a doubt overvalued. The assumption is if Potash of Saskatchewan is a target, eventually the others will be too once a winner emerges and takes ownership of Potash.
Stocks like Agrium (NYSE: AGU), Intrepid Potash (NYSE:IPI) and CF Industries (NYSE:CF) did shoot up on the offer for Potash, but they're starting to come back to earth again, although they're sure to shoot up again if other bids for Potash come about.
Wednesday, August 18, 2010
Goldman (NYSE:GS) Upgrades CF Industries (NYSE:CF) to "Buy"
Goldman Sachs (NYSE:GS) upgraded CF Industries (NYSE:CF) from "Neutral" to "Buy" Tuesday, as the demand for phosphate and nitrogen continues to increase.
Along with the upgrade for CF Industries, Goldman added them to their "conviction buy" list.
The price target Goldman set for them is $110 a share.
CF closed Tuesday at $88.53, gaining $3.94 a share, or 4.66 percent. Volume was almost double the normal trading amount for the day.
The fertilizer company has a market cap of $6.29 billion.
Along with the upgrade for CF Industries, Goldman added them to their "conviction buy" list.
The price target Goldman set for them is $110 a share.
CF closed Tuesday at $88.53, gaining $3.94 a share, or 4.66 percent. Volume was almost double the normal trading amount for the day.
The fertilizer company has a market cap of $6.29 billion.
Tuesday, August 17, 2010
Potash (NYSE:POT) Shares Skyrocket by Saying "NO" to BHP (NYSE:BHP)
Shares of Potash Corp. of Saskatchewan Inc. (NYSE:POT) after saying no to a takeover bid from BHP Billiton Ltd. (NYSE:BHP), which valued the company at $38.49 billion.
Potash rose to $141.86, gaining a huge $29.71 or 26.49 percent as of 2:09 PM EDT. That brought the market cap of the fertilizer company up to 42.14 billion, calling the bid from BHP "grossly inadequate.".
The bid from BHP was a 16 percent premium over their close on Monday.
Rejecting the offer was a big plus for Potash, with investor response suggesting another higher offer could be waiting in the wings.
Major fertilizer companies moved up on the rejection as well, with CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU)and Intrepid Potash (NYSE:IPI) all jumping by close to 5 percent or more.
The jump was from the feeling the overall sector is undervalued at this time and could be poised for a breakthrough, although that must be based on the realities of demand from economic conditions and not because they're down from a tight market.
President and CEO Bill Doyle said on a conference call with analysts that he didn't necessarily oppose selling the company, but said the "timing of the proposal is highly opportunistic and an ill-disguised attempt" to push up the share price of Potash before coming in with a higher offer later.
Doyle added his is "opposed to a steal of the company."
Confirmation has come from BHP Billiton that they have approached Potash concerning entering into discussions on the matter.
Potash rose to $141.86, gaining a huge $29.71 or 26.49 percent as of 2:09 PM EDT. That brought the market cap of the fertilizer company up to 42.14 billion, calling the bid from BHP "grossly inadequate.".
The bid from BHP was a 16 percent premium over their close on Monday.
Rejecting the offer was a big plus for Potash, with investor response suggesting another higher offer could be waiting in the wings.
Major fertilizer companies moved up on the rejection as well, with CF Industries (NYSE:CF), Mosaic (NYSE:MOS), Agrium (NYSE:AGU)and Intrepid Potash (NYSE:IPI) all jumping by close to 5 percent or more.
The jump was from the feeling the overall sector is undervalued at this time and could be poised for a breakthrough, although that must be based on the realities of demand from economic conditions and not because they're down from a tight market.
President and CEO Bill Doyle said on a conference call with analysts that he didn't necessarily oppose selling the company, but said the "timing of the proposal is highly opportunistic and an ill-disguised attempt" to push up the share price of Potash before coming in with a higher offer later.
Doyle added his is "opposed to a steal of the company."
Confirmation has come from BHP Billiton that they have approached Potash concerning entering into discussions on the matter.
Monday, August 16, 2010
Agrium (NYSE:AGU) Falls on AWB Acquisition News
Shares in Agrium (TSE:AGU) (NYSE:AGU) after the market digested the news they are going to acquire Australia’s AWB.
The price offered by Agrium for the company is $1.1 billion, a 57 percent premium over the closing share price of the company on July 29.
AWB is the top agricultural company in Australia, and could be compared to Cargill in North America.
Seeking growth primarily through acquisition, Agrium lost in its bid to acquire CF Industries (NYSE:CF) earlier in 2010, and with few top quality companies to choose from, has chosen to pursue AWB in hopes of not falling too far behind in scale to some of its competitors.
Agrium dropped in price in response to the news, hitting $66.50, a loss of $0.77, or 1.14 percent, at 12:59 PM EDT.
The price offered by Agrium for the company is $1.1 billion, a 57 percent premium over the closing share price of the company on July 29.
AWB is the top agricultural company in Australia, and could be compared to Cargill in North America.
Seeking growth primarily through acquisition, Agrium lost in its bid to acquire CF Industries (NYSE:CF) earlier in 2010, and with few top quality companies to choose from, has chosen to pursue AWB in hopes of not falling too far behind in scale to some of its competitors.
Agrium dropped in price in response to the news, hitting $66.50, a loss of $0.77, or 1.14 percent, at 12:59 PM EDT.
Tuesday, July 27, 2010
CF Industries (NYSE:CF) Earnings Report Preview
Analysts covering CF Industries (NYSE:CF) are looking for a strong quarter, with earnings expected to increase to $2.94 on revenue of $1.2 billion.
Last quarter, the company recording earnings of $2.41, far surpassing estimates of $1.42. Last year during the same quarter CF has revenue of $991 million.
For the year CF is expected to generate earnings of $6.9 a share, in comparison with $4.56 a share last year during the same period.
CF has been skyrocketing in share price since July first, when they were at $65.49 a share. Monday they closed at $77.90 a share, after starting the day over $80 a share.
The earnings report is scheduled for 10:00 AM EDT on August 6.
Last quarter, the company recording earnings of $2.41, far surpassing estimates of $1.42. Last year during the same quarter CF has revenue of $991 million.
For the year CF is expected to generate earnings of $6.9 a share, in comparison with $4.56 a share last year during the same period.
CF has been skyrocketing in share price since July first, when they were at $65.49 a share. Monday they closed at $77.90 a share, after starting the day over $80 a share.
The earnings report is scheduled for 10:00 AM EDT on August 6.
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