Scotiabank Upgrades CF Industries (NYSE:CF) to Sector Outperform

CF Industries (NYSE:CF) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $125.00 price objective on the basic materials company’s stock. Scotiabank’s target price would suggest a potential upside of 18.69% from the stock’s current price.

A number of other equities research analysts have also commented on CF. BNP Paribas Exane dropped their price objective on shares of CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Canadian Imperial Bank of Commerce lifted their price target on CF Industries from $118.00 to $128.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Freedom Capital upgraded CF Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. UBS Group reduced their price objective on CF Industries from $140.00 to $130.00 in a research report on Friday, May 8th. Finally, Mizuho increased their price objective on CF Industries from $100.00 to $105.00 and gave the stock an “underperform” rating in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $118.81.

CF Industries Trading Down 0.4%

NYSE:CF opened at $105.31 on Tuesday. The business’s 50-day simple moving average is $116.01 and its 200-day simple moving average is $105.85. CF Industries has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. The stock has a market capitalization of $16.18 billion, a PE ratio of 9.46 and a beta of 0.38.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. Sell-side analysts expect that CF Industries will post 15.6 earnings per share for the current fiscal year.

Institutional Trading of CF Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CF Industries by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,500 shares of the basic materials company’s stock valued at $1,368,000 after buying an additional 518 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in CF Industries by 161.1% during the first quarter. Jones Financial Companies Lllp now owns 11,870 shares of the basic materials company’s stock worth $928,000 after buying an additional 7,324 shares during the last quarter. Woodline Partners LP raised its position in CF Industries by 40.7% during the first quarter. Woodline Partners LP now owns 14,703 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 4,252 shares in the last quarter. Focus Partners Wealth raised its position in CF Industries by 21.8% during the first quarter. Focus Partners Wealth now owns 3,558 shares of the basic materials company’s stock worth $278,000 after acquiring an additional 638 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of CF Industries by 141.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 463 shares during the period. Institutional investors own 93.06% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.