CF Industries (NYSE:CF) Downgraded to “Neutral” at Citigroup

CF Industries (NYSE:CFGet Rating) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. StockNews.com assumed coverage on shares of CF Industries in a research note on Thursday, March 31st. They set a “buy” rating for the company. Scotiabank lowered shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $81.00 to $118.00 in a research note on Monday, March 28th. Mizuho lifted their price objective on shares of CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Consumer Edge lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Finally, Piper Sandler lifted their price objective on shares of CF Industries from $120.00 to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus target price of $95.97.

CF Industries stock opened at $90.61 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. CF Industries has a 1 year low of $43.19 and a 1 year high of $113.49. The firm’s 50 day moving average price is $98.80 and its two-hundred day moving average price is $85.11.

CF Industries (NYSE:CFGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 EPS for the quarter, hitting analysts’ consensus estimates of $4.21. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue was up 173.7% on a year-over-year basis. As a group, equities analysts predict that CF Industries will post 18.95 EPS for the current fiscal year.

In other news, VP Richard A. Hoker sold 6,684 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the transaction, the vice president now directly owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of CF. Vanguard Group Inc. increased its position in shares of CF Industries by 0.4% during the first quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after acquiring an additional 94,482 shares in the last quarter. State Street Corp increased its position in shares of CF Industries by 0.5% during the fourth quarter. State Street Corp now owns 9,390,450 shares of the basic materials company’s stock worth $664,656,000 after acquiring an additional 49,793 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CF Industries by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 5,922,239 shares of the basic materials company’s stock worth $330,579,000 after acquiring an additional 15,311 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CF Industries by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 5,040,352 shares of the basic materials company’s stock worth $356,069,000 after acquiring an additional 387,547 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of CF Industries by 2.1% during the fourth quarter. Northern Trust Corp now owns 3,707,811 shares of the basic materials company’s stock worth $262,439,000 after acquiring an additional 77,479 shares in the last quarter. 93.00% of the stock is owned by hedge funds and other institutional investors.

About CF Industries (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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