CF Industries (NYSE:CF) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of CF Industries (NYSE:CF) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently issued reports on CF. Wolfe Research upgraded shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Bank of America raised their price objective on CF Industries from $82.00 to $83.00 and gave the company an “underperform” rating in a research note on Tuesday, October 14th. Rothschild & Co Redburn boosted their target price on CF Industries from $78.00 to $86.00 in a research report on Monday, November 10th. Royal Bank Of Canada dropped their price target on CF Industries from $95.00 to $90.00 and set a “sector perform” rating for the company in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company assumed coverage on CF Industries in a research note on Tuesday, November 11th. They set an “overweight” rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.75.

CF Industries Price Performance

Shares of CF Industries stock traded up $3.91 during trading on Monday, reaching $86.78. The company’s stock had a trading volume of 677,564 shares, compared to its average volume of 2,342,887. The business has a 50 day moving average price of $79.53 and a 200-day moving average price of $85.33. The company has a market capitalization of $13.54 billion, a P/E ratio of 10.46 and a beta of 0.69. The company has a quick ratio of 1.99, a current ratio of 2.27 and a debt-to-equity ratio of 0.39. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.06 by $0.13. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.59 billion. CF Industries had a net margin of 20.47% and a return on equity of 18.14%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that CF Industries will post 5.83 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Ensign Peak Advisors Inc boosted its holdings in CF Industries by 24.4% during the second quarter. Ensign Peak Advisors Inc now owns 95,289 shares of the basic materials company’s stock valued at $8,767,000 after acquiring an additional 18,666 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of CF Industries by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 276,542 shares of the basic materials company’s stock worth $25,442,000 after purchasing an additional 15,291 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of CF Industries by 347.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 507,268 shares of the basic materials company’s stock worth $45,502,000 after purchasing an additional 393,780 shares during the last quarter. Swiss National Bank lifted its position in shares of CF Industries by 2.7% during the 2nd quarter. Swiss National Bank now owns 504,000 shares of the basic materials company’s stock worth $46,368,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Foster & Motley Inc. boosted its stake in CF Industries by 131.4% during the 2nd quarter. Foster & Motley Inc. now owns 32,829 shares of the basic materials company’s stock valued at $3,020,000 after purchasing an additional 18,640 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

CF Industries Company Profile

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.