CF Industries (NYSE:CF) Downgraded to “Underweight” Rating by JPMorgan Chase & Co.

CF Industries (NYSE:CF) was downgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Friday,Briefing.com Automated Import reports. They currently have a $75.00 price objective on the basic materials company’s stock, down from their previous price objective of $82.00. JPMorgan Chase & Co.‘s price objective points to a potential downside of 21.24% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Tuesday. Barclays lowered CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $96.00 to $100.00 in a research report on Tuesday. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Mizuho upped their target price 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. Finally, Oppenheimer initiated coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.43.

CF Industries Stock Performance

CF Industries stock opened at $95.22 on Friday. CF Industries has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $89.17 and a 200-day moving average of $83.48. The firm has a market cap of $16.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.71 and a beta of 0.98.

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, topping analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts expect that CF Industries will post 6.37 EPS for the current year.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,389 shares of company stock valued at $2,355,425. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

Hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in shares of CF Industries during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in CF Industries during the fourth quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new stake in CF Industries during the third quarter valued at approximately $39,000. Quent Capital LLC raised its position in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 284 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in shares of CF Industries during the 2nd quarter worth $50,000. Hedge funds and other 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.