CF Industries (NYSE:CF) Stock Rated Outperform in New Coverage at Sanford C. Bernstein

Investment analysts at Sanford C. Bernstein started coverage on shares of CF Industries (NYSE:CF) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set an “outperform” rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the stock. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $129.00 target price on shares of CF Industries in a research report on Friday, July 24th. KeyCorp initiated coverage on shares of CF Industries in a research note on Thursday, September 10th. They set an “underweight” rating and a $115.00 price objective on the stock. Scotiabank lifted their target price on CF Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. The Goldman Sachs Group dropped their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Finally, UBS Group raised their price target on shares of CF Industries from $115.00 to $123.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.00.

CF Industries Trading Down 0.1%

Shares of NYSE CF opened at $114.58 on Friday. CF Industries has a twelve month low of $75.42 and a twelve month high of $141.96. The firm has a market cap of $17.34 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.22 and a beta of 0.40. The business has a fifty day simple moving average of $125.60 and a two-hundred day simple moving average of $121.31. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90). CF Industries had a net margin of 27.12% and a return on equity of 24.41%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the business posted $2.37 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that CF Industries will post 13.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in CF Industries in the 2nd quarter valued at about $1,410,607,000. Norges Bank purchased a new stake in shares of CF Industries during the 4th quarter valued at approximately $193,657,000. Bank of New York Mellon Corp purchased a new stake in shares of CF Industries during the 2nd quarter valued at approximately $198,857,000. Bank of America Corp DE acquired a new position in CF Industries in the second quarter valued at approximately $186,353,000. Finally, Deutsche Bank AG purchased a new position in CF Industries in the second quarter worth approximately $157,850,000. 93.06% of the stock is owned by hedge funds and other institutional investors.

CF Industries Company Profile

CF Industries Holdings, Inc is a global producer of nitrogen fertilizer and other nitrogen-based products. The company manufactures ammonia, granular urea, urea ammonium nitrate (UAN), ammonium nitrate and nitric acid, which are used primarily in agriculture to support crop production. Its industrial products also serve customers in areas such as emissions control, plastics, resins, chemicals and other manufacturing applications.

CF Industries operates production facilities in the United States, Canada and the United Kingdom and supplies agricultural and industrial customers in North America and international markets.