CF Industries (NYSE:CF) Raised to “Buy” at Wall Street Zen

CF Industries (NYSE:CF) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reduced their price objective on CF Industries from $100.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. UBS Group reduced their price target on shares of CF Industries from $96.00 to $91.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Bank of America boosted their target price on shares of CF Industries from $82.00 to $83.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 14th. Barclays upgraded shares of CF Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $95.00 to $100.00 in a research report on Wednesday, August 13th. Finally, Rothschild & Co Redburn boosted their price objective on shares of CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.88.

CF Industries Trading Down 3.0%

Shares of CF Industries stock opened at $77.84 on Friday. The stock has a market capitalization of $12.14 billion, a P/E ratio of 9.38 and a beta of 0.68. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. The company has a 50-day simple moving average of $83.92 and a 200 day simple moving average of $88.23.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.13. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Research analysts expect that CF Industries will post 5.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently added to or reduced their stakes in CF. Ensign Peak Advisors Inc raised its position in shares of CF Industries by 24.4% during the second quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock worth $8,767,000 after purchasing an additional 18,666 shares during the period. Talaria Asset Management Pty Ltd grew its position in shares of CF Industries by 77.0% in the 1st quarter. Talaria Asset Management Pty Ltd now owns 584,000 shares of the basic materials company’s stock valued at $45,640,000 after purchasing an additional 254,000 shares during the period. Envestnet Asset Management Inc. increased its stake in CF Industries by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after purchasing an additional 15,291 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in CF Industries during the 1st quarter worth approximately $849,000. Finally, Foster & Motley Inc. raised its holdings in CF Industries by 131.4% during the 2nd quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock worth $3,020,000 after buying an additional 18,640 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.