Zacks Investment Research Upgrades CF Industries (NYSE:CF) to Buy

Zacks Investment Research upgraded shares of CF Industries (NYSE:CF) from a hold rating to a buy rating in a report released on Tuesday, January 2nd. The brokerage currently has $48.00 price objective on the basic materials company’s stock.

According to Zacks, “CF Industries has outperformed the industry it belongs to over the past six months. CF Industries is well positioned to gain from its efforts to boost production capacity. It is also likely to benefit from higher nitrogen demand driven by healthy corn plantations. Low natural gas prices have been an advantage for CF Industries. The company’s nitrogen business is enjoying the benefit of abundant natural gas supply, driven by an increase in production of North America.”

Other equities research analysts have also issued research reports about the company. UBS Group reiterated a buy rating and issued a $40.00 price target (up previously from $33.00) on shares of CF Industries in a research note on Wednesday, October 4th. Stephens initiated coverage on CF Industries in a research report on Monday, December 4th. They set an equal weight rating and a $38.00 price objective for the company. Piper Jaffray Companies restated a hold rating and set a $28.00 price objective on shares of CF Industries in a research report on Tuesday, September 5th. initiated coverage on CF Industries in a research report on Wednesday, October 11th. They set a hold rating and a $36.30 price objective for the company. Finally, Cowen raised their price objective on CF Industries from $27.00 to $33.00 and gave the company a market perform rating in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $35.35.

CF Industries (CF) traded down $0.05 during midday trading on Tuesday, hitting $42.42. The stock had a trading volume of 2,251,600 shares, compared to its average volume of 2,409,400. The company has a market cap of $10,140.00, a PE ratio of -23.18, a price-to-earnings-growth ratio of 32.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.71 and a quick ratio of 1.51. CF Industries has a 12-month low of $25.04 and a 12-month high of $43.98.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $870.00 million during the quarter, compared to analysts’ expectations of $733.63 million. CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. analysts expect that CF Industries will post -0.35 EPS for the current fiscal year.

In related news, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total transaction of $126,000.00. Following the completion of the transaction, the director now directly owns 50,854 shares in the company, valued at $1,830,744. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total transaction of $273,750.00. Following the transaction, the vice president now owns 67,232 shares of the company’s stock, valued at $2,453,968. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CF. Saratoga Research & Investment Management purchased a new stake in shares of CF Industries during the third quarter worth about $108,000. Ffcm LLC grew its stake in CF Industries by 218.4% during the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 2,772 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in CF Industries during the 2nd quarter valued at about $126,000. BT Investment Management Ltd purchased a new stake in CF Industries during the 2nd quarter valued at about $126,000. Finally, Pacer Advisors Inc. grew its stake in CF Industries by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 355 shares in the last quarter.

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CF Industries Company Profile

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).

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