CF Industries (NYSE:CF) Stock Rating Lowered by Wall Street Zen

CF Industries (NYSE:CF) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

CF has been the topic of several other reports. HSBC reduced their price target on CF Industries from $130.00 to $121.00 in a research report on Wednesday, June 17th. BNP Paribas Exane dropped their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Freedom Capital raised CF Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Barclays raised their target price on CF Industries from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Morgan Stanley lowered their price target on CF Industries from $135.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $116.62.

CF Industries Price Performance

CF opened at $121.17 on Friday. The company has a fifty day moving average price of $114.30 and a two-hundred day moving average price of $109.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96. The firm has a market capitalization of $18.62 billion, a PE ratio of 10.89 and a beta of 0.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of CF Industries during the fourth quarter worth $193,657,000. Dimensional Fund Advisors LP lifted its position in CF Industries by 37.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,312,225 shares of the basic materials company’s stock valued at $333,501,000 after acquiring an additional 1,178,516 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in CF Industries in the 2nd quarter valued at $96,560,000. Arrowstreet Capital Limited Partnership boosted its stake in CF Industries by 203.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,088,286 shares of the basic materials company’s stock worth $141,303,000 after purchasing an additional 729,921 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its stake in CF Industries by 52.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,775,106 shares of the basic materials company’s stock worth $159,227,000 after purchasing an additional 610,259 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.