|Bid||38.31 x 500|
|Ask||40.40 x 400|
|Day's Range||38.42 - 39.39|
|52 Week Range||25.04 - 45.00|
|PE Ratio (TTM)||25.49|
|Earnings Date||May 2, 2018|
|Forward Dividend & Yield||1.20 (3.12%)|
|1y Target Est||41.79|
CF Industries (CF) is one of the largest nitrogen fertilizer (MOO) producers in North America, alongside CVR Partners (UAN) and Nutrien (NTR). Although the company has worked to lower its cost of production per ton, natural gas prices remain volatile. This trend negatively impacts the company’s margins and earnings growth.
With the earnings season ahead of us, it’s time to look at the analysts’ ratings and price target updates for the major fertilizer stocks. So far this year, fertilizer stocks have mostly failed to impress investors. The VanEck Vectors Agribusiness ETF (MOO) has returned about 1.4% YTD (year-to-date), and the SPDR S&P 500 ETF (SPY) has returned about 60 basis points YTD.
CF Industries Holdings, Inc. today announced that it will report its first quarter 2018 results after the market close on Wednesday, May 2, 2018. The company plans to host a conference call to discuss these results at 9:00 a.m.
Cleveland-Cliffs' (CLF) revenues and margins are relatively lower than historical levels due to adoption of new revenue recognition standard.
In the week that ended on April 13, 2018, the Fertilizer Affordability Index drifted lower, continuing its two-week streak. The index, which is issued by the Mosaic Company (MOS), shows the relation between three NPK (nitrogen, phosphorous, and potassium) fertilizers and the key fertilizer-consuming crops corn, wheat, and soybean. Earlier in this series, we discussed how NPK fertilizer prices, especially urea and phosphate, fell week-over-week.
Last week, MAP (monoammonium phosphate) prices mimicked the movements in DAP (diammonium phosphate) prices, which fell week-over-week, as we discussed earlier.
Natural gas prices, which are key to US nitrogen fertilizer producers (MOO), were broadly lower during the week of April 4 to April 11, 2018, as reported by the EIA (U.S. Energy Information Administration).
In the week that ended on April 13, 2018, urea prices were broadly flat to negative at the NOLA (New Orleans) and Brazil locations. The weakness in urea prices was a continuation of the trend we’ve observed in the last six consecutive weeks. Last week, granular urea prices at the NOLA location in the United States fell as much as 3.5% week-over-week to $200 per metric ton from $207 per metric ton in the previous week.
For years, there have been discussions regarding the future food needs, as the population is expected to reach 9 billion by 2050, which means that we will need to grow 50% more food to satisfy the demand. At the same time, expanding agricultural production has many downsides, since many countries employ agricultural practices from the […]
Last week, which ended on April 13, 2018, the agribusiness sector was broadly positive, with the VanEck Vectors Agribusiness ETF (MOO) ending at a rise of 2.5% week-over-week.
CF Industries Holdings is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase yourRead More...
The Fertilizer Affordability Index issued by the Mosaic Company (MOS) showed that fertilizers continued to be more affordable last week. The Fertilizer Affordability Index fell to 0.64x from 0.66x from a week ago. The index can be influenced by either a movement in fertilizer prices or crop prices.
MAP (monoammonium phosphate) prices last week were broadly negative, which was similar to the weakness in DAP (diammonium phosphate) prices last week that we discussed in the earlier part of this series.
In the week ended April 6, DAP (diammonium phosphate) prices at the seven locations discussed below were broadly flat to negative except in India where DAP prices rose 24 basis points week-over-week to $424 per metric ton from $423 per metric ton.
Natural gas prices affect the profitability of nitrogen as well phosphate producers (XLB) such as Mosaic (MOS), Nutrien (NTR), CF Industries (CF), and CVR Partners (UAN). Low natural gas prices help these companies stay competitive and keep fertilizers affordable.
Urea prices continued to decline last week at the locations discussed below. The weakness in urea prices continues to extend in comparison to the recent peak levels seen in February and March 2018.
Last week, the VanEck Vectors Agribusiness ETF (MOO) ended the week in positive territory with a rise 46 basis points week-over-week, while the S&P 500 Index rose by 1.1%. The market experienced high volatility stemming from fears of a trade war between the US and China along with negative movements in the tech sector.
Allegheny's (ATI) shares ride on better-than-expected Q4 results and bright prospects from its JV deal with the Tsingshan Group.