CF Industries (NYSE:CF – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
CF has been the topic of a number of other research reports. Mizuho raised their price target on shares of CF Industries from $100.00 to $105.00 and gave the company an “underperform” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. increased their target price on shares of CF Industries from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company raised their target price on CF Industries from $100.00 to $113.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Bank of America boosted their price target on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Finally, Weiss Ratings upgraded CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $117.75.
View Our Latest Research Report on CF
CF Industries Trading Down 1.2%
CF Industries (NYSE:CF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 earnings per share for the quarter, beating the consensus estimate of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share. On average, research analysts predict that CF Industries will post 15.84 earnings per share for the current fiscal year.
Institutional Trading of CF Industries
Several hedge funds have recently added to or reduced their stakes in the business. Himension Capital Singapore PTE. LTD. acquired a new stake in CF Industries in the 1st quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its holdings in shares of CF Industries by 46.3% during the fourth quarter. Hantz Financial Services Inc. now owns 493 shares of the basic materials company’s stock worth $38,000 after buying an additional 156 shares during the last quarter. Stance Capital LLC acquired a new position in shares of CF Industries during the third quarter worth approximately $42,000. Eagle Bay Advisors LLC bought a new stake in shares of CF Industries in the fourth quarter valued at approximately $43,000. Finally, WPG Advisers LLC boosted its position in shares of CF Industries by 69.8% in the fourth quarter. WPG Advisers LLC now owns 552 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 227 shares during the period. 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.
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