CF Industries (NYSE:CF) Downgraded by ValuEngine to Hold

ValuEngine cut shares of CF Industries (NYSE:CF) from a buy rating to a hold rating in a report published on Tuesday, ValuEngine reports.

CF has been the subject of a number of other research reports. Rowe upped their target price on shares of CF Industries from $56.00 to $66.00 and gave the stock a positive rating in a report on Tuesday, August 6th. Cowen boosted their price target on shares of CF Industries from $59.00 to $62.00 and gave the stock an outperform rating in a research report on Thursday, September 26th. Zacks Investment Research downgraded shares of CF Industries from a buy rating to a hold rating and set a $49.00 price objective for the company. in a report on Monday, November 4th. Bank of America raised shares of CF Industries from a neutral rating to a buy rating and set a $56.00 target price on the stock in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their price target on CF Industries from $43.00 to $47.00 and gave the company a neutral rating in a research report on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $51.96.

Shares of CF stock opened at $44.95 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.34 and a quick ratio of 1.10. The company has a market cap of $10.05 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.36 and a beta of 0.95. The stock has a 50 day simple moving average of $46.42 and a 200-day simple moving average of $46.88. CF Industries has a 1-year low of $38.90 and a 1-year high of $55.15.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.06). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Analysts anticipate that CF Industries will post 2.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Thursday, November 14th. CF Industries’s dividend payout ratio is presently 96.77%.

In other news, VP Bert A. Frost sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $45.50, for a total value of $591,500.00. Following the sale, the vice president now directly owns 95,072 shares of the company’s stock, valued at approximately $4,325,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen A. Furbacher sold 3,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $47.50, for a total transaction of $166,250.00. Following the transaction, the director now directly owns 49,187 shares of the company’s stock, valued at approximately $2,336,382.50. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CF. North Star Investment Management Corp. acquired a new stake in CF Industries during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC increased its position in shares of CF Industries by 103.7% during the third quarter. Parallel Advisors LLC now owns 725 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 369 shares during the period. CSat Investment Advisory L.P. increased its position in shares of CF Industries by 27.5% during the second quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 218 shares during the period. Ibex Wealth Advisors acquired a new stake in shares of CF Industries in the second quarter valued at $51,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new position in CF Industries in the third quarter valued at $60,000. Institutional investors own 93.71% 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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