Research analysts at Sanford C. Bernstein assumed coverage on shares of CF Industries (NYSE:CF) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm set an “outperform” rating on the basic materials company’s stock.
A number of other research analysts also recently commented on CF. Royal Bank of Canada set a $37.00 price objective on shares of CF Industries and gave the company a “sell” rating in a research note on Thursday, February 15th. Cowen reiterated a “market perform” rating and set a $40.00 price objective (up from $33.00) on shares of CF Industries in a research note on Tuesday. Piper Jaffray Companies set a $44.00 price objective on shares of CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Scotiabank set a $35.00 price objective on shares of CF Industries and gave the company a “hold” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $40.00 price objective (up from $35.00) on shares of CF Industries in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.71.
CF Industries (CF) traded up $1.45 during midday trading on Wednesday, reaching $43.27. 2,106,658 shares of the company’s stock were exchanged, compared to its average volume of 3,048,930. CF Industries has a 12-month low of $25.04 and a 12-month high of $43.98. The company has a quick ratio of 2.05, a current ratio of 2.53 and a debt-to-equity ratio of 0.70. The company has a market cap of $9,414.37, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 19.62 and a beta of 1.03.
CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $988.91 million. During the same period in the prior year, the firm posted ($0.39) EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. research analysts predict that CF Industries will post 0.26 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB bought a new position in shares of CF Industries in the 4th quarter worth about $1,276,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of CF Industries by 26.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 78,616 shares of the basic materials company’s stock worth $3,344,000 after buying an additional 16,550 shares during the last quarter. Sawtooth Solutions LLC bought a new stake in CF Industries in the 4th quarter valued at about $1,101,000. Brookfield Asset Management Inc. lifted its position in CF Industries by 77.3% in the 4th quarter. Brookfield Asset Management Inc. now owns 19,500 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in CF Industries in the 4th quarter valued at about $302,000.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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