CF Industries (NYSE:CF) Stock Rating Lowered by JPMorgan Chase & Co.

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

CF has been the topic of several other research reports. Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research note on Tuesday. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a report on Wednesday, October 16th. Redburn Atlantic began coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $96.00 to $100.00 in a research note on Tuesday. Finally, Oppenheimer assumed coverage on CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $91.43.

CF Industries Price Performance

NYSE CF opened at $95.22 on Friday. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.71 and a beta of 0.98. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The company’s 50 day moving average is $89.17 and its two-hundred day moving average is $83.48. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. The company 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%. CF Industries’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. As a group, research analysts anticipate that CF Industries will post 6.37 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction that occurred 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 approximately $8,878,656. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 over the last three months. 0.42% of the stock is owned by insiders.

Institutional Trading of CF Industries

A number of large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC purchased a new position in CF Industries in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in shares of CF Industries during the fourth quarter worth approximately $34,000. Brooklyn Investment Group bought a new stake in shares of CF Industries during the third quarter valued at approximately $39,000. Quent Capital LLC boosted its holdings in shares of CF Industries by 132.1% in the third 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 second quarter worth approximately $50,000. 93.06% of the stock is 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.