CF Industries (NYSE:CF) Stock Rating Lowered by Oppenheimer

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

CF has been the subject of a number of other reports. Bank of America upgraded CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target for the company in a research note on Monday, February 24th. Scotiabank raised shares of CF Industries from a "sector underperform" rating to a "sector perform" rating and set a $81.00 target price for the company in a report on Wednesday, April 9th. Barclays dropped their price target on shares of CF Industries from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. UBS Group reduced their price objective on CF Industries from $90.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. downgraded CF Industries from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $82.00 to $75.00 in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $89.29.

CF Industries Stock Performance

CF Industries stock traded up $1.20 during midday trading on Tuesday, reaching $78.50. 1,882,840 shares of the company traded hands, compared to its average volume of 2,099,739. CF Industries has a 12 month low of $67.34 and a 12 month high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The business has a 50 day moving average of $76.15 and a two-hundred day moving average of $83.60. The firm has a market capitalization of $13.31 billion, a price-to-earnings 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 results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. As a group, research analysts predict that CF Industries will post 5.83 earnings per share for the current year.

Institutional Trading of CF Industries

Several hedge funds have recently made changes to their positions in CF. Barclays PLC raised its position in CF Industries by 68.9% during the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company's stock valued at $63,263,000 after purchasing an additional 300,873 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in CF Industries by 8.7% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 28,364 shares of the basic materials company's stock worth $2,434,000 after buying an additional 2,270 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in CF Industries during the third quarter worth $993,000. Tidal Investments LLC increased its position in CF Industries by 94.7% during the third quarter. Tidal Investments LLC now owns 40,616 shares of the basic materials company's stock valued at $3,485,000 after acquiring an additional 19,760 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of CF Industries by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,742 shares of the basic materials company's stock worth $21,380,000 after acquiring an additional 29,101 shares during the last quarter. 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.