CF Industries (NYSE:CF) Stock Rating Lowered by Rothschild Redb

CF Industries (NYSE:CF) was downgraded by equities research analysts at Rothschild Redb from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on CF. Wolfe Research raised CF Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Redburn Partners set a $72.00 price target on CF Industries in a research report on Wednesday. UBS Group cut their price objective on shares of CF Industries from $91.00 to $86.00 and set a “neutral” rating on the stock in a research report on Monday, January 12th. Rothschild & Co Redburn restated a “sell” rating and set a $72.00 price objective on shares of CF Industries in a research note on Wednesday. Finally, CIBC started coverage on shares of CF Industries in a research note on Tuesday, December 2nd. They issued a “neutral” rating and a $87.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.07.

CF Industries Price Performance

Shares of NYSE CF opened at $91.25 on Wednesday. The company has a 50 day simple moving average of $82.75 and a two-hundred day simple moving average of $84.96. CF Industries has a fifty-two week low of $67.34 and a fifty-two week high of $104.45. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 10.99 and a beta of 0.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.99 and a current ratio of 2.27.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.13. CF Industries had a return on equity of 18.14% and a net margin of 20.47%.The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm posted $1.55 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. Analysts expect that CF Industries will post 5.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently made changes to their positions in CF. State Street Corp grew its position in CF Industries by 2.1% during the second quarter. State Street Corp now owns 7,982,072 shares of the basic materials company’s stock valued at $734,351,000 after buying an additional 165,833 shares during the period. Victory Capital Management Inc. boosted its stake in shares of CF Industries by 10.6% during the 3rd quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock worth $449,742,000 after acquiring an additional 480,126 shares during the last quarter. Boston Partners grew its position in shares of CF Industries by 15.3% during 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 during the period. Ameriprise Financial Inc. increased its stake in shares of CF Industries by 1.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after purchasing an additional 63,938 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CF Industries by 22.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,133,709 shares of the basic materials company’s stock worth $281,104,000 after purchasing an additional 568,710 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

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.