Stephens initiated coverage on shares of CF Industries (NYSE:CF) in a research report issued on Monday, MarketBeat.com reports. The firm set an “equal weight” rating and a $38.00 price target on the basic materials company’s stock. Stephens’ target price suggests a potential upside of 2.98% from the company’s previous close.

Several other research analysts also recently commented on CF. UBS restated a “buy” rating and issued a $40.00 target price (up previously from $33.00) on shares of CF Industries in a research note on Wednesday, October 4th. Cowen raised their target price on CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 8th. assumed coverage on CF Industries in a research note on Wednesday, October 11th. They issued a “hold” rating and a $36.30 target price for the company. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $28.00 price target on CF Industries and gave the company a “hold” rating in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.95.

CF Industries (NYSE:CF) traded down $0.69 during midday trading on Monday, reaching $36.90. The company had a trading volume of 4,267,200 shares, compared to its average volume of 4,459,879. CF Industries has a twelve month low of $25.04 and a twelve month high of $39.32. The company has a quick ratio of 1.51, a current ratio of 1.71 and a debt-to-equity ratio of 0.80.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.04). CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. During the same period in the prior year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. equities analysts expect that CF Industries will post -0.35 EPS for the current year.

In other news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total transaction of $126,000.00. Following the transaction, the director now directly owns 50,854 shares of the company’s stock, valued at $1,830,744. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now directly owns 67,232 shares in the company, valued at $2,453,968. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of CF Industries by 122.2% during the third quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the basic materials company’s stock valued at $2,355,000 after purchasing an additional 36,829 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of CF Industries by 12,161.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,050,790 shares of the basic materials company’s stock valued at $29,380,000 after purchasing an additional 1,042,220 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CF Industries by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 659,496 shares of the basic materials company’s stock valued at $18,440,000 after purchasing an additional 9,956 shares in the last quarter. Swiss National Bank lifted its holdings in shares of CF Industries by 2.8% during the second quarter. Swiss National Bank now owns 849,340 shares of the basic materials company’s stock valued at $23,748,000 after purchasing an additional 23,400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CF Industries by 2.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,138,901 shares of the basic materials company’s stock valued at $31,844,000 after purchasing an additional 26,204 shares in the last quarter.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Analyst Recommendations for CF Industries (NYSE:CF)

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