Bank of America Lowers CF Industries (CF) to Underperform

Bank of America downgraded shares of CF Industries (NYSE:CF) from a buy rating to an underperform rating in a research report released on Thursday morning, Benzinga reports. The firm currently has $38.00 price objective on the basic materials company’s stock, down from their previous price objective of $50.00.

A number of other brokerages have also recently weighed in on CF. ValuEngine upgraded shares of CF Industries from a hold rating to a buy rating in a report on Friday, December 21st. Cowen restated an outperform rating and issued a $62.00 price objective (down previously from $68.00) on shares of CF Industries in a report on Wednesday, March 6th. Citigroup cut their price objective on shares of CF Industries from $60.00 to $51.00 and set a buy rating on the stock in a report on Monday, January 7th. Sanford C. Bernstein cut shares of CF Industries from an outperform rating to a market perform rating and set a $44.40 price objective on the stock. in a report on Monday, January 14th. Finally, Zacks Investment Research cut shares of CF Industries from a buy rating to a hold rating in a report on Friday, January 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. CF Industries has a consensus rating of Hold and an average price target of $50.45.

Shares of CF opened at $45.14 on Thursday. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 3.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.81. CF Industries has a fifty-two week low of $37.02 and a fifty-two week high of $56.51.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 13th. The basic materials company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.30). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.22 billion. CF Industries had a return on equity of 4.66% and a net margin of 6.55%. CF Industries’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) EPS. As a group, equities analysts predict that CF Industries will post 2.13 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Natixis Advisors L.P. grew its holdings in shares of CF Industries by 85.7% during the fourth quarter. Natixis Advisors L.P. now owns 36,895 shares of the basic materials company’s stock valued at $1,605,000 after buying an additional 17,025 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in CF Industries by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,967 shares of the basic materials company’s stock worth $607,000 after purchasing an additional 407 shares during the last quarter. NuWave Investment Management LLC boosted its holdings in CF Industries by 2,856.2% in the first quarter. NuWave Investment Management LLC now owns 2,158 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,085 shares during the last quarter. Banco Santander S.A. purchased a new stake in CF Industries in the fourth quarter worth approximately $520,000. Finally, Scout Investments Inc. boosted its holdings in CF Industries by 3.7% in the first quarter. Scout Investments Inc. now owns 134,896 shares of the basic materials company’s stock worth $5,515,000 after purchasing an additional 4,840 shares during the last quarter. Hedge funds and other institutional investors own 95.73% 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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Analyst Recommendations for CF Industries (NYSE:CF)

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