CF Industries (NYSE:CF)‘s stock had its “market perform” rating reiterated by equities research analysts at Cowen in a research report issued on Tuesday, February 20th, MarketBeat.com reports. They currently have a $40.00 price objective on the basic materials company’s stock, up from their previous price objective of $33.00. Cowen’s price objective points to a potential downside of 0.77% from the company’s current price.
Several other equities analysts have also recently weighed in on CF. Piper Jaffray Companies set a $44.00 price target on CF Industries and gave the company a “hold” rating in a report on Thursday, February 15th. Scotiabank set a $35.00 price target on CF Industries and gave the company a “hold” rating in a report on Thursday, February 15th. Royal Bank of Canada set a $37.00 price target on CF Industries and gave the company a “sell” rating in a report on Thursday, February 15th. Zacks Investment Research raised CF Industries from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Credit Suisse Group set a $40.00 price objective on CF Industries and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.14.
Shares of CF Industries (NYSE:CF) traded down $0.07 during mid-day trading on Tuesday, reaching $40.31. The company’s stock had a trading volume of 3,796,253 shares, compared to its average volume of 3,640,000. CF Industries has a 52-week low of $25.04 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.05 and a current ratio of 2.53. The company has a market capitalization of $9,400.00, a price-to-earnings ratio of 11.23, a P/E/G ratio of 5.60 and a beta of 1.07.
CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.39) EPS. equities analysts expect that CF Industries will post 0.93 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Platinum Investment Management Ltd. bought a new stake in CF Industries in the fourth quarter worth about $69,077,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of CF Industries by 814.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 832,786 shares of the basic materials company’s stock valued at $35,425,000 after acquiring an additional 741,681 shares in the last quarter. Manning & Napier Advisors LLC raised its stake in shares of CF Industries by 190.0% during the third quarter. Manning & Napier Advisors LLC now owns 1,116,525 shares of the basic materials company’s stock valued at $39,256,000 after acquiring an additional 731,525 shares in the last quarter. Anchor Bolt Capital LP raised its stake in shares of CF Industries by 679.0% during the third quarter. Anchor Bolt Capital LP now owns 711,223 shares of the basic materials company’s stock valued at $25,007,000 after acquiring an additional 619,928 shares in the last quarter. Finally, Element Capital Management LLC bought a new stake in shares of CF Industries during the fourth quarter valued at approximately $24,657,000.
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About CF Industries
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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