CF Industries (CF) PT Lowered to $40.00

CF Industries (NYSE:CF) had its price objective trimmed by Citigroup from $45.00 to $40.00 in a research report report published on Tuesday, April 10th. They currently have a neutral rating on the basic materials company’s stock.

Other equities analysts have also issued reports about the stock. TheStreet upgraded shares of CF Industries from a c+ rating to a b- rating in a research report on Friday, March 9th. ValuEngine upgraded shares of CF Industries from a hold rating to a buy rating in a research report on Monday, April 2nd. Sanford C. Bernstein initiated coverage on shares of CF Industries in a research report on Wednesday, February 21st. They issued an outperform rating on the stock. Royal Bank of Canada set a $37.00 price target on shares of CF Industries and gave the company a sell rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research lowered shares of CF Industries from a hold rating to a sell rating in a research report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. CF Industries currently has an average rating of Hold and an average price target of $38.83.

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NYSE CF opened at $39.64 on Tuesday. The stock has a market capitalization of $9,336.35, a P/E ratio of -158.56, a price-to-earnings-growth ratio of 7.37 and a beta of 1.10. CF Industries has a twelve month low of $25.04 and a twelve month high of $45.00. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70.

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, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $988.91 million. CF Industries had a net margin of 8.67% and a negative return on equity of 0.92%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. research analysts anticipate that CF Industries will post 0.91 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in CF. New York State Common Retirement Fund lifted its holdings in CF Industries by 3.2% in the third quarter. New York State Common Retirement Fund now owns 494,300 shares of the basic materials company’s stock valued at $17,380,000 after buying an additional 15,100 shares during the period. Russell Investments Group Ltd. lifted its holdings in CF Industries by 51.7% in the third quarter. Russell Investments Group Ltd. now owns 56,354 shares of the basic materials company’s stock valued at $1,981,000 after buying an additional 19,195 shares during the period. JPMorgan Chase & Co. lifted its holdings in CF Industries by 23.6% in the third quarter. JPMorgan Chase & Co. now owns 167,930 shares of the basic materials company’s stock valued at $5,851,000 after buying an additional 32,040 shares during the period. Schroder Investment Management Group acquired a new position in CF Industries in the third quarter valued at approximately $4,863,000. Finally, Stifel Financial Corp acquired a new position in CF Industries in the third quarter valued at approximately $3,448,000.

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CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

Analyst Recommendations for CF Industries (NYSE:CF)

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