CF Stock Summary and Trading Ideas (CF Industries Holdings | NYSE:CF)

CF Industries is a leading producer and distributor of nitrogen, which is primarily used in fertilizers. The company operates nitrogen manufacturing plants primarily in North America. CF also produces nitrogen in the United Kingdom and holds a joint venture interest in a nitrogen production facility in Trinidad and Tobago. CF makes nitrogen primarily using low-cost U.S. natural gas as its feedstock, making CF one of the lowest-cost nitrogen producers globally. The company is also investing in carbon-free blue and green ammonia, which can be used an alternative fuel to hydrogen or as a means to transport hydrogen.

CF Industries Holdings trades on the NYSE stock market under the symbol CF.

As of April 19, 2024, CF stock price climbed to $80.20 with 112,224 million shares trading.

CF has a beta of 0.36, meaning it tends to be less sensitive to market movements. CF has a correlation of 0.02 to the broad based SPY ETF.

CF has a market cap of $15.10 billion. This is considered a Large Cap stock.

Last quarter CF Industries Holdings reported $2 billion in Revenue and $1.44 earnings per share. This beat revenue expectation by $71 million and missed earnings estimates by -$.13.

In the last 3 years, CF stock traded as high as $119.60 and as low as $43.19.

The top ETF exchange traded funds that CF belongs to (by Net Assets): VTI, VOO, SCHD, VO, RDVY.

CF has underperformed the market in the last year with a price return of +9.1% while the SPY ETF gained +22.1%. However, in the short term, CF had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.6% vs +5.1% return in SPY. But in the last 2 weeks, CF shares have been beat by the market, returning -6.9% compared to an SPY return of -2.7%.

CF support price is $77.97 and resistance is $81.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CF stock will trade within this expected range on the day.