Scotiabank Reaffirms Sector Underperform Rating for CF Industries (NYSE:CF)

Scotiabank restated their sector underperform rating on shares of CF Industries (NYSE:CF) in a research report sent to investors on Friday, Marketbeat.com reports. Scotiabank currently has a $88.00 price objective on the basic materials company’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research note on Friday. Mizuho upped their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a report on Wednesday, October 16th. Finally, Redburn Atlantic assumed coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $91.43.

CF Industries Trading Down 7.5 %

Shares of CF opened at $88.07 on Friday. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The stock has a market cap of $15.33 billion, a PE ratio of 13.93, a P/E/G ratio of 0.71 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $89.19 and its 200-day moving average price is $83.80.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities analysts forecast that CF Industries will post 6.37 EPS for the current fiscal year.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,389 shares of company stock worth $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Wolff Wiese Magana LLC purchased a new position in shares of CF Industries during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in CF Industries in the fourth quarter valued at $34,000. Brooklyn Investment Group purchased a new position in CF Industries during the 3rd quarter valued at $39,000. Quent Capital LLC increased its position 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 purchasing an additional 284 shares during the period. Finally, Kimelman & Baird LLC bought a new position in CF Industries in the 2nd quarter worth $50,000. 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.