CF Industries (NYSE:CF) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of CF Industries (NYSE:CF) from a neutral rating to an underweight rating in a report issued on Friday morning, Marketbeat.com reports. They currently have $75.00 target price on the basic materials company’s stock, down from their previous target price of $82.00.

A number of other equities analysts also recently commented on CF. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective for the company. in a research note on Tuesday. Mizuho lifted their target price on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer initiated coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, Piper Sandler raised CF Industries from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $79.00 to $105.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average target price of $91.43.

CF Industries Trading Down 7.5 %

CF opened at $88.07 on Friday. CF Industries has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a market capitalization of $15.33 billion, a P/E ratio of 13.93, a PEG ratio of 0.71 and a beta of 0.98. The stock’s fifty day moving average is $89.19 and its two-hundred day moving average is $83.61. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. Analysts forecast that CF Industries will post 6.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Several institutional investors and hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC purchased a new position in shares of CF Industries in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of CF Industries during the fourth quarter worth $34,000. Brooklyn Investment Group acquired a new stake in shares of CF Industries in the third quarter valued at about $39,000. Quent Capital LLC grew its stake in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in CF Industries in the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.