CF Industries (NYSE:CF) had its price objective trimmed by Citigroup from $45.00 to $40.00 in a research report report published on Tuesday. The brokerage currently has a neutral rating on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on the company. ValuEngine raised CF Industries from a hold rating to a buy rating in a research note on Monday, April 2nd. Berenberg Bank assumed coverage on CF Industries in a research note on Thursday, March 29th. They issued a hold rating and a $38.00 price objective for the company. TheStreet raised CF Industries from a c+ rating to a b- rating in a research note on Friday, March 9th. Bank of America downgraded CF Industries from a buy rating to an underperform rating and set a $40.00 price objective for the company. in a research note on Thursday, March 8th. Finally, Cowen raised CF Industries from a market perform rating to an outperform rating in a research note on Monday, March 5th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $38.83.
Shares of NYSE CF opened at $37.27 on Tuesday. CF Industries has a 12 month low of $25.04 and a 12 month high of $45.00. The firm has a market cap of $8,669.13, a PE ratio of -149.08, a P/E/G ratio of 6.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.53 and a quick ratio of 2.05.
CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.39) EPS. research analysts anticipate that CF Industries will post 0.9 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Koch Industries Inc. acquired a new position in CF Industries in the 4th quarter worth about $312,000. ING Groep NV increased its position in CF Industries by 20.8% in the 4th quarter. ING Groep NV now owns 11,753 shares of the basic materials company’s stock worth $500,000 after purchasing an additional 2,020 shares during the last quarter. Magnetar Financial LLC acquired a new position in CF Industries in the 3rd quarter worth about $334,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in CF Industries in the 4th quarter worth about $302,000. Finally, Russell Investments Group Ltd. increased its position in CF Industries by 51.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 56,354 shares of the basic materials company’s stock worth $1,981,000 after purchasing an additional 19,195 shares during the last quarter.
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CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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