CF Industries (NYSE:CF) was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on CF Industries from $43.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, September 5th. ValuEngine upgraded CF Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 16th. Barclays set a $57.00 target price on CF Industries and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Cowen set a $59.00 target price on CF Industries and gave the company a “buy” rating in a report on Friday, August 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. CF Industries has a consensus rating of “Hold” and an average target price of $52.78.
Shares of CF traded down $0.11 during trading hours on Wednesday, hitting $50.47. 53,259 shares of the company were exchanged, compared to its average volume of 1,772,195. The company has a market capitalization of $11.02 billion, a PE ratio of 40.70, a PEG ratio of 3.57 and a beta of 0.92. The firm has a fifty day simple moving average of $49.18 and a 200-day simple moving average of $45.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.43 and a quick ratio of 1.15. CF Industries has a one year low of $38.90 and a one year high of $56.51.
CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.47. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.39 billion. CF Industries had a return on equity of 7.22% and a net margin of 9.67%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Sell-side analysts expect that CF Industries will post 2.35 EPS for the current year.
In other news, VP Bert A. Frost sold 21,600 shares of CF Industries stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $50.16, for a total value of $1,083,456.00. Following the transaction, the vice president now directly owns 103,672 shares in the company, valued at $5,200,187.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bert A. Frost sold 21,000 shares of CF Industries stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.21, for a total value of $1,012,410.00. Following the completion of the transaction, the vice president now owns 103,072 shares in the company, valued at $4,969,101.12. The disclosure for this sale can be found here. Insiders sold 238,343 shares of company stock worth $11,786,901 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group increased its stake in shares of CF Industries by 2.1% in the second quarter. Schroder Investment Management Group now owns 9,653 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 194 shares during the period. CSat Investment Advisory L.P. grew its position in CF Industries by 27.5% during the second quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock worth $47,000 after buying an additional 218 shares in the last quarter. JNBA Financial Advisors grew its position in CF Industries by 0.5% during the second quarter. JNBA Financial Advisors now owns 47,130 shares of the basic materials company’s stock worth $2,201,000 after buying an additional 250 shares in the last quarter. Green Square Asset Management LLC grew its position in CF Industries by 2.5% during the second quarter. Green Square Asset Management LLC now owns 11,153 shares of the basic materials company’s stock worth $521,000 after buying an additional 267 shares in the last quarter. Finally, Commerce Bank grew its position in CF Industries by 5.3% during the second quarter. Commerce Bank now owns 5,913 shares of the basic materials company’s stock worth $277,000 after buying an additional 298 shares in the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.
About CF Industries
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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