ValuEngine Lowers CF Industries (NYSE:CF) to Hold

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CF Industries (NYSE:CF) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on CF. Barclays set a $52.00 price objective on shares of CF Industries and gave the stock a “hold” rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of CF Industries from $43.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Zacks Investment Research cut shares of CF Industries from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a report on Monday, November 4th. Bank of America raised shares of CF Industries from a “neutral” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Monday, November 25th. Finally, Rowe boosted their target price on shares of CF Industries from $56.00 to $66.00 and gave the stock a “positive” rating in a research report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.96.

Shares of NYSE:CF opened at $45.69 on Tuesday. The stock has a market capitalization of $10.05 billion, a PE ratio of 36.85, a P/E/G ratio of 3.36 and a beta of 0.95. CF Industries has a 1 year low of $38.90 and a 1 year high of $55.15. The firm has a fifty day moving average price of $46.54 and a 200 day moving average price of $46.87. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.74.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.06). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, sell-side analysts forecast that CF Industries will post 2.29 earnings per share for the current fiscal year.

In other news, VP Bert A. Frost sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $45.50, for a total transaction of $591,500.00. Following the completion of the transaction, the vice president now owns 95,072 shares of the company’s stock, valued at $4,325,776. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. Following the transaction, the director now directly owns 49,187 shares of the company’s stock, valued at approximately $2,336,382.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CF. Appleton Partners Inc. MA raised its position in shares of CF Industries by 3.2% during the second quarter. Appleton Partners Inc. MA now owns 14,615 shares of the basic materials company’s stock valued at $683,000 after buying an additional 455 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of CF Industries during the second quarter valued at about $640,000. Steward Partners Investment Advisory LLC raised its position in shares of CF Industries by 10.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 13,192 shares of the basic materials company’s stock valued at $616,000 after buying an additional 1,296 shares during the last quarter. JNBA Financial Advisors raised its position in shares of CF Industries by 0.5% during the second quarter. JNBA Financial Advisors now owns 47,130 shares of the basic materials company’s stock valued at $2,201,000 after buying an additional 250 shares during the last quarter. Finally, Advisor Partners LLC acquired a new position in shares of CF Industries during the second quarter valued at about $202,000. 93.71% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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