CF Industries (NYSE:CF) Rating Increased to Buy at Citigroup

CF Industries (NYSE:CF) was upgraded by equities researchers at Citigroup to a “buy” rating in a research report issued on Wednesday, TipRanks reports. The firm currently has a $48.00 target price on the basic materials company’s stock. Citigroup‘s price objective would indicate a potential downside of 8.88% from the company’s previous close.

A number of other brokerages have also recently issued reports on CF. UBS Group raised their price objective on shares of CF Industries from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America cut shares of CF Industries from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $50.00 to $38.00 in a research report on Thursday, April 18th. ValuEngine raised shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 16th. Cowen reissued an “outperform” rating and set a $54.00 price target (down from $56.00) on shares of CF Industries in a research report on Wednesday, May 15th. Finally, Zacks Investment Research raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $49.98.

Shares of NYSE CF traded up $0.33 during mid-day trading on Wednesday, hitting $52.68. 2,917,700 shares of the stock were exchanged, compared to its average volume of 2,569,254. The firm has a market cap of $11.00 billion, a P/E ratio of 42.48, a P/E/G ratio of 4.17 and a beta of 0.90. The firm’s fifty day moving average price is $47.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.17 and a current ratio of 1.71. CF Industries has a twelve month low of $38.90 and a twelve month high of $56.51.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.47. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.39 billion. CF Industries had a net margin of 7.09% and a return on equity of 4.81%. CF Industries’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 earnings per share. Analysts forecast that CF Industries will post 1.99 EPS for the current year.

In other news, VP Richard A. Hoker sold 3,665 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $41.15, for a total transaction of $150,814.75. Following the transaction, the vice president now directly owns 63,383 shares in the company, valued at approximately $2,608,210.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen A. Furbacher sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total transaction of $126,030.00. Following the transaction, the director now owns 47,190 shares in the company, valued at $1,982,451.90. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rational Advisors LLC grew its stake in CF Industries by 874.0% in the 1st quarter. Rational Advisors LLC now owns 711 shares of the basic materials company’s stock valued at $29,000 after buying an additional 638 shares during the last quarter. Community Bank N.A. bought a new stake in CF Industries in the 1st quarter valued at about $30,000. Ibex Wealth Advisors bought a new stake in CF Industries in the 2nd quarter valued at about $51,000. Parallel Advisors LLC boosted its holdings in CF Industries by 218.8% in the 1st quarter. Parallel Advisors LLC now owns 1,221 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 838 shares during the period. Finally, Signaturefd LLC boosted its holdings in CF Industries by 37.6% in the 1st quarter. Signaturefd LLC now owns 1,592 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 435 shares during the period. Institutional investors and hedge funds own 92.86% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

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Analyst Recommendations for CF Industries (NYSE:CF)

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