CF Industries (NYSE:CF) was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, The Fly reports.
A number of other brokerages have also recently commented on CF. Cowen raised their target price on CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. Morgan Stanley raised their target price on CF Industries from $37.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, October 10th. UBS Group raised their target price on CF Industries from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Stephens set a $55.00 target price on CF Industries and gave the stock a “hold” rating in a report on Monday, October 1st. Finally, Royal Bank of Canada set a $50.00 target price on CF Industries and gave the stock a “hold” rating in a report on Monday, October 1st. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $50.31.
CF stock opened at $44.40 on Monday. The firm has a market capitalization of $10.39 billion, a PE ratio of -177.60, a PEG ratio of 2.84 and a beta of 0.83. CF Industries has a 1 year low of $35.70 and a 1 year high of $56.51. The company has a current ratio of 2.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.76.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). CF Industries had a return on equity of 3.69% and a net margin of 16.06%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $993.94 million. During the same quarter last year, the business earned ($0.39) earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts expect that CF Industries will post 1.5 earnings per share for the current fiscal year.
In related news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $52.45, for a total value of $183,575.00. Following the completion of the transaction, the director now owns 50,190 shares of the company’s stock, valued at $2,632,465.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of CF Industries by 86.9% during the 2nd quarter. Renaissance Technologies LLC now owns 226,900 shares of the basic materials company’s stock valued at $10,074,000 after purchasing an additional 105,500 shares during the period. AMP Capital Investors Ltd raised its stake in shares of CF Industries by 43.1% during the 2nd quarter. AMP Capital Investors Ltd now owns 89,950 shares of the basic materials company’s stock valued at $3,994,000 after purchasing an additional 27,100 shares during the period. Point72 Asset Management L.P. raised its stake in shares of CF Industries by 577.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 119,300 shares of the basic materials company’s stock valued at $5,297,000 after purchasing an additional 144,300 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of CF Industries during the 2nd quarter valued at $619,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of CF Industries by 2,901.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 18,007 shares of the basic materials company’s stock valued at $800,000 after purchasing an additional 17,407 shares during the period. 95.72% of the stock is owned by institutional investors.
About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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