Are CF Industries (NYSE:CF) Shares Worth Your Time and Dime Following Recent Credit Agricole Upgrade?

Share

CF Industries (NYSE:CF) Stock Upgrade

In a comprehensive report shared with investors on 16 December, Credit Agricole boosted shares of CF Industries (NYSE:CF) to a solid “Underperform” rating from their previous “Sell” rating.

From a total of 15 analysts covering CF Industries Holdings (NYSE:CF) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $65 while the lowest target price is $40. The mean of all analyst targets is $57.16 with a 50.77% above today’s ($40.75) stock price. CF Industries Holdings was the topic of 22 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Susquehanna upgraded shares on November 17 to “Buy” rating. Vetr upgraded shares to “Hold” rating and $63.5 target share price in a report from an August 24. Citigroup downgraded CF stock in a recent report from October 26 to “Neutral” rating. Finally, BMO Capital Markets maintained the stock with “Hold” rating in a report issued on an August 27.

Approximately 592,705 shares of stock traded hands. CF Industries Holdings, Inc. (NYSE:CF) has declined 33.17% since May 13, 2015 and is downtrending. It has underperformed by 30.55% the S&P500.

The overall sentiment of institutions has is 0.74 in Q2 2015. Its the same as in 2015Q2. The ratio is flat, as 85 institutions have sold all the shares of CF Industries Holdings, Inc. that they owned while 213 funds have taken shares off the table. only 61 funds have purchased shares for the first time while 161 added to their positions. These institutions now hold 225.10 million shares or 48.00% less than the 432.89 million shares they owned in 2015Q2.

The Fund Mount Kellett Capital Management Lp currently is holding shares equating to 36.37% of its total portfolio in CF Industries Holdings, Inc. representing a total of 827,905 shares. Another fund,Eclectica Asset Management Llp, is holding a total of 39,000 shares equating to 10.21% of their holdings. Additionally, Bocage Capital Llc has a 361,266 share stake in CF Industries Holdings, Inc. which represents 9.65% of their total portfolio. The Fund, Hayman Capital Management L.P., based out of Texas, has also built up a stake in the stock, which represents a total of 9.62% of their total portfolio. Finally Glendon Capital Management Lp, a fund which is based in the state of California reported a total holdings of 379,000 shares.

CF Industries Holdings, Inc. is the maker and distributor of nitrogen fertilizer and other nitrogen products. The company has a market cap of $9.35 billion. The Company’s nitrogen fertilizer products include ammonia, granular urea and urea ammonium nitrate solution . It has 10.72 P/E ratio. The Company’s other nitrogen products include ammonium nitrate (AN), diesel exhaust fluid (DEF), urea liquor and aqua ammonia.

According to Zacks Investment Research, “CF Industries Holdings, Inc. is the holding company for the operations of CF Industries, Inc. CF Industries, Inc. is a major producer and distributor of nitrogen and phosphate fertilizer products. CF Industries operates world-scale nitrogen fertilizer plants in Louisiana and Alberta, Canada; conducts phosphate mining and manufacturing operations in Central Florida; and distributes fertilizer products through a system of terminals, warehouses, and associated transportation equipment located primarily in the midwestern United States.”

COMMENTS: