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

CF Industries (NYSE:CF) was downgraded by analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Tuesday, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. Barclays lowered their price objective on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Piper Sandler raised their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Morgan Stanley lowered their price target on shares of CF Industries from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, April 11th. BNP Paribas upgraded CF Industries to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price on the stock in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $89.29.

CF Industries Stock Up 0.5 %

CF Industries stock opened at $75.89 on Tuesday. The business has a fifty day moving average price of $76.35 and a 200-day moving average price of $83.73. CF Industries has a 1-year low of $67.34 and a 1-year high of $98.25. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business 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%. Equities research analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

Institutional Investors Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its position in shares of CF Industries by 4.3% in the fourth quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock valued at $221,000 after acquiring an additional 108 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after purchasing an additional 120 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of CF Industries by 26.9% during the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after buying an additional 122 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of CF Industries by 1.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock worth $602,000 after buying an additional 126 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in CF Industries by 4.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock valued at $257,000 after acquiring an additional 126 shares in the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.