CF Industries (NYSE:CF) Rating Lowered to Hold at Zacks Investment Research

CF Industries (NYSE:CFGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports. They currently have a $114.00 target price on the basic materials company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 10.84% from the company’s current price.

According to Zacks, “CF Industries’ earnings or the first quarter matched the Zacks Consensus Estimate while sales beat. The company is well placed to benefit from higher nitrogen demand in major markets. Demand for nitrogen is expected to be strong in North America, driven by healthy corn acres in the United States.  Increased planted corn acres is also likely to drive demand in Brazil. CF Industries is also seeing a rebound in industrial demand from the pandemic-led disruptions. Higher nitrogen prices will lend support to its bottom line. It remains committed to reduce debt and boost shareholders’ value. It has also outperformed the industry over a year. However, higher natural gas costs are expected to weigh on the company’s margins.  Ammonia production is also expected to remain under pressure. The company also faces logistics challenges.”

Several other equities analysts have also recently commented on CF. Consumer Edge cut shares of CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Royal Bank of Canada cut their target price on shares of CF Industries from $105.00 to $100.00 and set a “sector perform” rating for the company in a research note on Monday, May 9th. Piper Sandler upped their target price on shares of CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Citigroup upped their target price on shares of CF Industries from $86.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, March 22nd. Finally, StockNews.com initiated coverage on shares of CF Industries in a research note on Thursday, March 31st. They set a “buy” rating for the company. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.09.

Shares of CF Industries stock traded down $5.60 on Wednesday, reaching $102.85. The stock had a trading volume of 75,212 shares, compared to its average volume of 3,221,722. The business’s 50-day moving average price is $100.90 and its two-hundred day moving average price is $80.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. CF Industries has a fifty-two week low of $43.19 and a fifty-two week high of $113.49. The stock has a market cap of $21.45 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02.

CF Industries (NYSE:CFGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $4.21. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The business had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $0.70 earnings per share. CF Industries’s revenue for the quarter was up 173.7% on a year-over-year basis. As a group, equities analysts forecast that CF Industries will post 17.89 earnings per share for the current fiscal year.

In related news, VP Ashraf K. Malik sold 5,033 shares of the company’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $97.32, for a total transaction of $489,811.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Richard A. Hoker sold 4,085 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $93.93, for a total transaction of $383,704.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,333,463 shares of company stock worth $107,631,042. 0.42% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC raised its position in shares of CF Industries by 64.3% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in shares of CF Industries in the 1st quarter valued at approximately $26,000. Signaturefd LLC raised its position in shares of CF Industries by 121.1% in the 4th quarter. Signaturefd LLC now owns 398 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 218 shares during the period. Lenox Wealth Advisors LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at approximately $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of CF Industries in the 4th quarter valued at approximately $35,000. Institutional investors own 93.00% of the company’s stock.

CF Industries Company Profile (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

Featured Articles

Get a free copy of the Zacks research report on CF Industries (CF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for CF Industries (NYSE:CF)

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.