CF Industries (NYSE:CF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of CF Industries (NYSE:CF – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America upped their target price on CF Industries from $96.00 to $100.00 in a research note on Wednesday, May 3rd. Royal Bank of Canada cut their target price on CF Industries from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, April 13th. Barclays cut their target price on CF Industries from $115.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, April 14th. Wells Fargo & Company cut their price objective on CF Industries from $109.00 to $102.00 and set an “overweight” rating on the stock in a report on Monday, April 17th. Finally, BMO Capital Markets cut their price objective on CF Industries from $115.00 to $105.00 in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Moderate Buy” and an average price target of $94.71.

CF Industries Trading Down 1.2 %

Shares of NYSE:CF opened at $64.12 on Thursday. The company has a market capitalization of $12.50 billion, a P/E ratio of 4.29, a P/E/G ratio of 1.30 and a beta of 1.01. CF Industries has a 1 year low of $63.63 and a 1 year high of $119.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.46 and a quick ratio of 3.97. The business’s 50 day simple moving average is $72.30 and its 200 day simple moving average is $85.42.

CF Industries (NYSE:CF – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.22. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.86 billion. CF Industries had a return on equity of 42.23% and a net margin of 29.26%. The firm’s quarterly revenue was down 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.21 earnings per share. On average, research analysts anticipate that CF Industries will post 8.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CF. Vanguard Group Inc. raised its position in shares of CF Industries by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after acquiring an additional 94,482 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of CF Industries by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,079,130 shares of the basic materials company’s stock worth $948,108,000 after acquiring an additional 934,946 shares in the last quarter. State Street Corp raised its position in shares of CF Industries by 3.1% in the 3rd quarter. State Street Corp now owns 9,216,702 shares of the basic materials company’s stock worth $887,108,000 after acquiring an additional 277,997 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CF Industries by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 4,662,248 shares of the basic materials company’s stock worth $340,437,000 after acquiring an additional 117,827 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of CF Industries by 101.0% in the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after acquiring an additional 2,017,325 shares in the last quarter. 92.94% of the stock is owned by institutional investors.

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.