CF Industries (NYSE:CF) Rating Lowered to Underperform at Bank of America

CF Industries (NYSE:CF) was downgraded by equities research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Wednesday, MarketBeat.com reports. They currently have a $83.00 price objective on the basic materials company’s stock. Bank of America‘s target price indicates a potential downside of 3.24% from the company’s previous close.

A number of other analysts also recently weighed in on CF. Scotiabank increased their price objective on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Barclays raised their price objective on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company upped their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. UBS Group raised their price target on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada upped their price objective on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.64.

CF Industries Price Performance

CF Industries stock opened at $85.78 on Wednesday. The stock has a 50-day moving average price of $82.70 and a two-hundred day moving average price of $78.33. CF Industries has a 12 month low of $69.13 and a 12 month high of $90.86. The company has a market capitalization of $15.68 billion, a PE ratio of 14.25, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the business earned $2.70 EPS. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. Analysts expect that CF Industries will post 5.84 EPS for the current year.

Insider Activity

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its position in shares of CF Industries by 4.5% during the first quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company’s stock valued at $269,000 after buying an additional 140 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of CF Industries by 4.8% in the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 141 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 146 shares during the last quarter. Czech National Bank lifted its position in shares of CF Industries by 0.5% during the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after purchasing an additional 153 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in CF Industries by 28.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 167 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.