CF Industries (NYSE:CF) Rating Increased to Sector Outperform at Scotiabank

CF Industries (NYSE:CF) was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Tuesday, MarketBeat reports. The firm presently has a $125.00 target price on the basic materials company’s stock. Scotiabank’s price objective suggests a potential upside of 18.69% from the stock’s current price.

CF has been the topic of several other reports. Berenberg Bank upped their price objective on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded shares of CF Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. The Goldman Sachs Group reduced their price objective on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, June 23rd. Finally, Bank of America upped their target price on CF Industries from $103.00 to $106.00 in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus price target of $118.81.

CF Industries Price Performance

NYSE:CF opened at $105.31 on Tuesday. CF Industries has a 12-month low of $75.42 and a 12-month high of $141.96. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 9.46 and a beta of 0.38. The stock’s 50 day moving average price is $116.01 and its two-hundred day moving average price is $105.85. The company has a quick ratio of 3.15, a current ratio of 3.54 and a debt-to-equity ratio of 0.39.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.63 by $1.35. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the company posted $1.85 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, analysts anticipate that CF Industries will post 15.6 earnings per share for the current year.

Institutional Trading of CF Industries

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of CF Industries by 10.6% in the third quarter. Victory Capital Management Inc. now owns 5,013,846 shares of the basic materials company’s stock valued at $449,742,000 after buying an additional 480,126 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of CF Industries by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,458,907 shares of the basic materials company’s stock valued at $579,062,000 after buying an additional 146,682 shares in the last quarter. Boston Partners raised its position in shares of CF Industries by 15.3% in the 3rd quarter. Boston Partners now owns 3,587,999 shares of the basic materials company’s stock valued at $321,852,000 after buying an additional 476,769 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CF Industries by 12.0% during the 4th quarter. Invesco Ltd. now owns 3,570,249 shares of the basic materials company’s stock worth $276,123,000 after acquiring an additional 381,716 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of CF Industries by 1.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,351,194 shares of the basic materials company’s stock worth $300,602,000 after acquiring an additional 63,938 shares during the period. Institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.