Zacks Research Downgrades CF Industries (NYSE:CF) to Hold

CF Industries (NYSE:CF) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on CF. Royal Bank Of Canada upped their target price on shares of CF Industries from $90.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Scotiabank lowered their price target on shares of CF Industries from $90.00 to $82.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Wells Fargo & Company assumed coverage on shares of CF Industries in a research report on Tuesday, November 11th. They issued an “overweight” rating and a $100.00 price objective on the stock. Canadian Imperial Bank of Commerce upgraded shares of CF Industries to a “hold” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of CF Industries from $87.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $88.14.

CF Industries Trading Up 0.7%

CF opened at $97.00 on Tuesday. The business has a fifty day moving average price of $84.03 and a 200 day moving average price of $84.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.27 and a quick ratio of 1.99. CF Industries has a 12 month low of $67.34 and a 12 month high of $104.45. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 11.69 and a beta of 0.70.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently bought and sold shares of CF. CSM Advisors LLC boosted its stake in CF Industries by 983.2% in the fourth quarter. CSM Advisors LLC now owns 296,637 shares of the basic materials company’s stock valued at $22,938,000 after acquiring an additional 269,252 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of CF Industries in the 4th quarter valued at about $90,000. Empowered Funds LLC boosted its position in shares of CF Industries by 40.1% in the 4th quarter. Empowered Funds LLC now owns 497,367 shares of the basic materials company’s stock valued at $38,466,000 after purchasing an additional 142,415 shares during the period. Inceptionr LLC purchased a new position in CF Industries during the 4th quarter worth approximately $1,183,000. Finally, Illinois Municipal Retirement Fund increased its position in CF Industries by 20.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 47,991 shares of the basic materials company’s stock worth $3,712,000 after buying an additional 8,063 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

About CF Industries

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.