CF Industries (CF) Lowered to “Hold” at Zacks Investment Research

CF Industries (NYSE:CF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “CF Industries has outperformed the industry it belongs to over the past six months. CF Industries is well positioned to gain from its efforts to boost production capacity. It is also likely to benefit from higher nitrogen demand driven by healthy corn plantations. The company is also enjoying the benefit of ample natural gas supply. However, CF Industries remains exposed to pricing pressure and has a debt-laden balance sheet. The company is also exposed to challenging agriculture market fundamentals.”

CF has been the topic of several other research reports. Stephens began coverage on CF Industries in a report on Monday, December 4th. They set an “equal weight” rating and a $38.00 price target on the stock. Atlantic Securities downgraded CF Industries from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Cowen upped their price target on CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. BMO Capital Markets increased their price objective on CF Industries from $38.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. Finally, Royal Bank of Canada increased their price objective on CF Industries from $27.00 to $32.00 and gave the company an “underperform” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.95.

CF Industries (CF) traded up $1.94 during midday trading on Tuesday, reaching $41.34. The company’s stock had a trading volume of 3,063,198 shares, compared to its average volume of 4,435,957. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80. CF Industries has a one year low of $25.04 and a one year high of $39.68.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04). CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $733.63 million. During the same period last year, the company earned $0.13 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. equities analysts anticipate that CF Industries will post -0.35 EPS for the current year.

In related news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total transaction of $126,000.00. Following the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Bert A. Frost sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the transaction, the vice president now owns 67,232 shares in the company, valued at approximately $2,453,968. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Saratoga Research & Investment Management acquired a new stake in shares of CF Industries in the 3rd quarter valued at approximately $108,000. Ffcm LLC increased its stake in CF Industries by 218.4% in the 2nd quarter. Ffcm LLC now owns 4,041 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 2,772 shares in the last quarter. Pacad Investment Ltd. purchased a new position in CF Industries in the 2nd quarter valued at approximately $126,000. BT Investment Management Ltd purchased a new position in CF Industries in the 2nd quarter valued at approximately $126,000. Finally, Pacer Advisors Inc. increased its stake in CF Industries by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 355 shares in the last quarter.

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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).

Analyst Recommendations for CF Industries (NYSE:CF)

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