CF Industries (NYSE:CF) PT Raised to $69.00

CF Industries (NYSE:CF) had its price objective lifted by investment analysts at Berenberg Bank from $68.00 to $69.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the basic materials company’s stock. Berenberg Bank’s target price suggests a potential downside of 11.08% from the company’s previous close.

CF has been the topic of a number of other reports. Bank of America reissued a “neutral” rating and issued a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Piper Sandler lowered CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Wells Fargo & Company reduced their price target on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Wolfe Research assumed coverage on shares of CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $87.94.

CF Industries Stock Performance

NYSE:CF traded down $0.15 during trading hours on Wednesday, hitting $77.60. 1,064,692 shares of the company were exchanged, compared to its average volume of 2,500,709. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44. CF Industries has a 52-week low of $60.08 and a 52-week high of $87.90. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 2.23 and a beta of 1.03. The company’s 50 day moving average price is $81.31 and its 200-day moving average price is $79.79.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $4.35 earnings per share. The company’s quarterly revenue was down 39.8% on a year-over-year basis. As a group, research analysts forecast that CF Industries will post 5.85 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CF. Norges Bank acquired a new stake in shares of CF Industries in the fourth quarter worth approximately $193,145,000. Morgan Stanley boosted its stake in CF Industries by 101.0% during the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after purchasing an additional 2,017,325 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of CF Industries by 221.8% during the first quarter. First Trust Advisors LP now owns 2,825,115 shares of the basic materials company’s stock worth $204,793,000 after buying an additional 1,947,268 shares in the last quarter. Boston Partners acquired a new stake in shares of CF Industries in the third quarter valued at about $160,475,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of CF Industries by 34.2% in the third quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock worth $447,019,000 after buying an additional 1,329,677 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

About CF Industries

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.