CF Industries (CF) Stock Rating Lowered by Bank of America

CF Industries (NYSE:CF) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a research note issued to investors on Thursday, The Fly reports.

CF has been the subject of several other research reports. Zacks Investment Research downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Stephens raised shares of CF Industries from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 19th. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Sanford C. Bernstein downgraded shares of CF Industries from an “outperform” rating to a “market perform” rating and set a $44.40 price objective for the company. in a research note on Monday, January 14th. Finally, Barclays reissued a “neutral” rating on shares of CF Industries in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.58.

Shares of NYSE:CF opened at $44.62 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.81 and a debt-to-equity ratio of 0.82. CF Industries has a 12 month low of $37.02 and a 12 month high of $56.51. The stock has a market capitalization of $9.78 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 3.31 and a beta of 0.71.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.30). CF Industries had a net margin of 6.55% and a return on equity of 4.66%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business posted ($0.02) EPS. The firm’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that CF Industries will post 2.16 earnings per share for the current year.

Several large investors have recently modified their holdings of CF. Oregon Public Employees Retirement Fund increased its position in shares of CF Industries by 4,197.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,101,238 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 1,075,614 shares during the period. CSat Investment Advisory L.P. increased its position in shares of CF Industries by 81.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 620 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 278 shares during the period. Ffcm LLC increased its position in shares of CF Industries by 49.4% during the fourth quarter. Ffcm LLC now owns 762 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 252 shares during the period. Quantamental Technologies LLC purchased a new position in shares of CF Industries during the fourth quarter worth approximately $34,000. Finally, Lindbrook Capital LLC purchased a new position in shares of CF Industries during the fourth quarter worth approximately $43,000. 95.73% of the stock is currently owned by institutional investors and hedge funds.

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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