CF Industries' (CF) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• CF Industries' stock retains a "Hold (C+)" rating according to Weiss Ratings, amidst mixed reviews from various research firms.
• The company's recent quarterly earnings showed an EPS of $2.37, exceeding analyst expectations, with revenue rising 20.2% compared to the previous year.
• Currently, CF Industries has a consensus price target of $95.21 and has been experiencing fluctuations in its stock price, recently trading around $86.17.

CF Industries (NYSE:CF - Get Free Report)'s stock had its "hold (c+)" rating restated by stock analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

A number of other research firms have also recently commented on CF. Wells Fargo & Company cut their target price on CF Industries from $108.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, August 11th. Zacks Research cut CF Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. HSBC cut their target price on CF Industries from $104.00 to $95.00 and set a "hold" rating on the stock in a research report on Monday, September 15th. Royal Bank Of Canada set a $100.00 target price on CF Industries and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Finally, Scotiabank restated a "sector perform" rating and issued a $82.00 price target (up previously from $81.00) on shares of CF Industries in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $95.21.

CF Industries Trading Down 2.3%

CF Industries stock traded down $2.04 during midday trading on Tuesday, reaching $86.17. 531,428 shares of the stock traded hands, compared to its average volume of 2,705,089. The firm has a market cap of $13.96 billion, a PE ratio of 11.25 and a beta of 0.93. The company has a 50-day simple moving average of $86.80 and a two-hundred day simple moving average of $87.08. CF Industries has a 12-month low of $67.34 and a 12-month high of $104.45. The company has a current ratio of 3.22, a quick ratio of 2.84 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.02. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.73 billion. CF Industries had a return on equity of 17.10% and a net margin of 20.19%.CF Industries's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $2.30 earnings per share. Research analysts expect that CF Industries will post 5.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CF Industries

A number of large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its holdings in CF Industries by 911.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 14,165 shares of the basic materials company's stock valued at $1,271,000 after buying an additional 12,765 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of CF Industries by 12.1% during the third quarter. Wedge Capital Management L L P NC now owns 127,168 shares of the basic materials company's stock worth $11,407,000 after purchasing an additional 13,721 shares during the last quarter. Czech National Bank boosted its holdings in shares of CF Industries by 3.9% during the third quarter. Czech National Bank now owns 41,138 shares of the basic materials company's stock worth $3,690,000 after purchasing an additional 1,537 shares during the last quarter. Montecito Bank & Trust acquired a new stake in shares of CF Industries during the 3rd quarter worth $667,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of CF Industries by 347.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 507,268 shares of the basic materials company's stock worth $45,502,000 after buying an additional 393,780 shares during the last quarter. Institutional investors and hedge funds 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.

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