StockNews.com Begins Coverage on CF Industries (NYSE:CF)

Research analysts at StockNews.com started coverage on shares of CF Industries (NYSE:CF – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the basic materials company’s stock.

CF has been the topic of a number of other reports. Mizuho reduced their price target on shares of CF Industries from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 17th. Credit Suisse Group reiterated an “underperform” rating and issued a $75.00 price target on shares of CF Industries in a report on Thursday, February 16th. Royal Bank of Canada reduced their price target on shares of CF Industries from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday, February 21st. Citigroup reduced their price target on shares of CF Industries from $126.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 20th. Finally, HSBC cut shares of CF Industries from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $104.00 to $90.00 in a research note on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $106.58.

CF Industries Trading Down 2.9 %

Shares of CF Industries stock opened at $72.48 on Thursday. The company’s fifty day simple moving average is $84.49 and its 200-day simple moving average is $95.23. The stock has a market capitalization of $14.19 billion, a PE ratio of 4.44, a P/E/G ratio of 1.32 and a beta of 1.05. CF Industries has a 1-year low of $70.69 and a 1-year high of $119.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.69 and a quick ratio of 3.22.

CF Industries (NYSE:CF – Get Rating) last issued its quarterly earnings results on Thursday, February 16th. The basic materials company reported $4.35 earnings per share for the quarter, topping the consensus estimate of $4.13 by $0.22. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.80 billion. CF Industries had a net margin of 29.91% and a return on equity of 48.59%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.71 EPS. As a group, equities analysts anticipate that CF Industries will post 9.94 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Resonant Capital Advisors LLC boosted its holdings in shares of CF Industries by 2.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 4,272 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 98 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its holdings in shares of CF Industries by 24.4% in the 3rd quarter. Mizuho Securities Co. Ltd. now owns 510 shares of the basic materials company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in shares of CF Industries by 48.3% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 341 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 111 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of CF Industries by 0.7% in the 3rd quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock valued at $1,501,000 after acquiring an additional 116 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its holdings in shares of CF Industries by 1.5% in the 3rd quarter. Sage Rhino Capital LLC now owns 7,914 shares of the basic materials company’s stock valued at $762,000 after acquiring an additional 119 shares during the last quarter. Institutional investors and hedge funds own 92.94% of the company’s stock.

CF Industries Company Profile

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.