CF Industries (NYSE:CF) Downgraded to “Hold” Rating by Wall Street Zen

CF Industries (NYSE:CF) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research firms have also issued reports on CF. Morgan Stanley lowered their target price on shares of CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday, July 7th. BNP Paribas Exane cut their price target on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Mizuho raised their price objective on CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a research report on Tuesday, March 31st. Scotiabank upgraded CF Industries from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $120.00 to $125.00 in a research note on Tuesday, June 30th. Finally, BMO Capital Markets dropped their target price on CF Industries from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.62.

CF Industries Trading Up 2.1%

NYSE:CF opened at $121.17 on Friday. CF Industries has a one year low of $75.42 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The company’s 50-day simple moving average is $114.30 and its 200 day simple moving average is $109.29. The firm has a market capitalization of $18.62 billion, a P/E ratio of 10.89 and a beta of 0.40.

Institutional Investors Weigh In On CF Industries

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of CF Industries by 3.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after acquiring an additional 146,682 shares in the last quarter. Boston Partners lifted its position in CF Industries by 15.3% in the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after acquiring an additional 476,769 shares in the last quarter. Invesco Ltd. lifted its position in CF Industries by 12.0% in the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock valued at $276,123,000 after acquiring an additional 381,716 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in CF Industries by 0.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,287,256 shares of the basic materials company’s stock valued at $302,428,000 after purchasing an additional 11,792 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in CF Industries by 5.5% during the 4th quarter. Northern Trust Corp now owns 3,147,611 shares of the basic materials company’s stock valued at $243,436,000 after purchasing an additional 163,320 shares during the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.