CF Industries’ (CF) “Market Perform” Rating Reaffirmed at Cowen

CF Industries (NYSE:CF)‘s stock had its “market perform” rating reissued by research analysts at Cowen in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $40.00 price objective on the basic materials company’s stock, up from their prior price objective of $33.00. Cowen’s target price would suggest a potential downside of 0.89% from the stock’s previous close.

Several other research firms have also commented on CF. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Credit Suisse Group set a $40.00 price target on shares of CF Industries and gave the company a “hold” rating in a research report on Tuesday, January 16th. Royal Bank of Canada raised their price target on shares of CF Industries from $27.00 to $32.00 and gave the company an “underperform” rating in a research report on Friday, November 3rd. Atlantic Securities lowered shares of CF Industries from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Stephens assumed coverage on shares of CF Industries in a research report on Monday, December 4th. They set an “equal weight” rating and a $38.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.55.

CF Industries (CF) opened at $40.36 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70. CF Industries has a fifty-two week low of $25.04 and a fifty-two week high of $43.98. The stock has a market cap of $9,414.37, a price-to-earnings ratio of 26.55, a P/E/G ratio of 19.62 and a beta of 1.03.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $988.91 million. During the same quarter last year, the company posted ($0.39) earnings per share. The firm’s revenue was up 26.8% compared to the same quarter last year. analysts forecast that CF Industries will post 0.26 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in CF. Janus Henderson Group PLC grew its position in shares of CF Industries by 257.4% in the second quarter. Janus Henderson Group PLC now owns 118,480 shares of the basic materials company’s stock valued at $3,313,000 after purchasing an additional 85,330 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of CF Industries by 11.0% in the second quarter. The Manufacturers Life Insurance Company now owns 261,068 shares of the basic materials company’s stock valued at $7,300,000 after purchasing an additional 25,782 shares during the period. Toronto Dominion Bank grew its position in shares of CF Industries by 25.5% in the second quarter. Toronto Dominion Bank now owns 78,974 shares of the basic materials company’s stock valued at $2,208,000 after purchasing an additional 16,068 shares during the period. Mutual of America Capital Management LLC grew its position in shares of CF Industries by 14.1% in the third quarter. Mutual of America Capital Management LLC now owns 32,047 shares of the basic materials company’s stock valued at $1,127,000 after purchasing an additional 3,951 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of CF Industries by 122.2% in the third quarter. Assenagon Asset Management S.A. now owns 66,979 shares of the basic materials company’s stock valued at $2,355,000 after purchasing an additional 36,829 shares during the period.

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About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

Analyst Recommendations for CF Industries (NYSE:CF)

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