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Here's Why You Should Hold Onto CF Industries Stock for Now

CF Industries Holdings, Inc. (NYSE: CF) is poised to gain from higher nitrogen fertilizer demand in major markets and lower natural gas costs amid headwinds from softer nitrogen prices. The company's shares have declined 4.1% over a year compared with a 25.3% decline of its industry. Image Source: Zacks Investment Research Let's find out why this Zacks Rank #3 (Hold) stock is worth retaining at the moment. CF Gains on Healthy Nitrogen Demand, Lower Gas Costs CF Industries is benefiting from rising global demand for nitrogen fertilizers, driven by significant agricultural demand. Industrial demand for nitrogen has also recovered from the pandemic-related disruptions. The company sees global demand to remain strong in the near future due to recovering industrial demand and farmer economics. High levels of corn planted acres, low nitrogen channel inventories and favorable farm economics are expected to drive demand for nitrogen in North America. Demand for urea is also expected to remain strong in Brazil and India. Demand in India is expected to be driven by an uptick in domestic production on the back ...