CF Industries (NYSE:CF) Rating Lowered to Market Perform at Oppenheimer

CF Industries (NYSE:CF - Get Free Report) was downgraded by Oppenheimer from an "outperform" rating to a "market perform" rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.

Several other brokerages have also recently commented on CF. UBS Group reduced their price objective on shares of CF Industries from $90.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Scotiabank upgraded shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 price target for the company in a research report on Wednesday, April 9th. Morgan Stanley lowered their price objective on CF Industries from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada decreased their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CF Industries presently has a consensus rating of "Hold" and an average target price of $89.29.

CF Industries Stock Performance

CF stock traded up $1.20 during midday trading on Tuesday, reaching $78.50. 1,882,840 shares of the company's stock traded hands, compared to its average volume of 2,102,627. CF Industries has a 52 week low of $67.34 and a 52 week high of $98.25. The company has a 50-day moving average price of $76.15 and a two-hundred day moving average price of $83.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The firm has a market capitalization of $13.31 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.37 and a beta of 0.84.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. As a group, equities analysts anticipate that CF Industries will post 5.83 EPS for the current year.

Institutional Trading of CF Industries

Several institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in CF Industries by 1.5% during the 1st quarter. Amalgamated Bank now owns 33,961 shares of the basic materials company's stock valued at $2,654,000 after acquiring an additional 495 shares during the period. KBC Group NV lifted its position in CF Industries by 48.1% in the first quarter. KBC Group NV now owns 892,998 shares of the basic materials company's stock valued at $69,787,000 after purchasing an additional 289,925 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of CF Industries by 14.3% during the first quarter. Confluence Wealth Services Inc. now owns 13,253 shares of the basic materials company's stock valued at $1,006,000 after purchasing an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of CF Industries by 35.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 897,041 shares of the basic materials company's stock worth $71,395,000 after purchasing an additional 236,703 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new position in shares of CF Industries in the first quarter worth approximately $232,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.