J.P. Morgan Sticks to Its Hold Rating for CF Holdings (CF)

In a report issued on August 3, Jeffrey Zekauskas from J.P. Morgan maintained a Hold rating on CF Holdings (CFResearch Report), with a price target of $98.00. The company’s shares closed last Thursday at $99.05.

According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 6.7% and a 59.8% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Air Products and Chemicals, and Scotts Miracle-Gro Company.

CF Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $107.17, an 11.1% upside from current levels. In a report issued on August 2, Mizuho Securities also assigned a Hold rating to the stock with a $117.00 price target.

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CF Holdings’ market cap is currently $20.66B and has a P/E ratio of 8.12.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CF in relation to earlier this year. Most recently, in June 2022, Douglas Barnard, the Sr. VP, Gen. Counsel & Sec of CF sold 32,155 shares for a total of $3,253,121.

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CF Industries Holdings, Inc. engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other. The Ammonia segment produces anhydrous ammonia, which is company’s most concentrated nitrogen fertilizer product as it contains 82% nitrogen. The Granular Urea segment produces granular urea, which contains 46% nitrogen. The UAN segment produces urea ammonium nitrate solution, which is a liquid fertilizer product with a nitrogen content from 28% to 32%, is produced by combining urea and ammonium nitrate. The AN segment produces ammonium nitrate, which is a nitrogen-based product with a nitrogen content between 29% and 35%. The Other segment includes diesel exhaust fluid, nitric acid, urea liquor and aqua ammonia. The company was founded in 1946 and is headquartered in Deerfield, IL.

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