CF Industries (NYSE:CF) Price Target Lowered to $111.00 at Oppenheimer

CF Industries (NYSE:CF) had its price target decreased by Oppenheimer from $114.00 to $111.00 in a research report report published on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Tuesday, January 21st. UBS Group lifted their price target on shares of CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Piper Sandler boosted their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Mizuho raised their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.43.

CF Industries Trading Up 1.7 %

Shares of NYSE CF opened at $90.27 on Tuesday. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The firm has a market capitalization of $15.71 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company’s 50 day simple moving average is $89.27 and its 200 day simple moving average is $84.07.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that CF Industries will post 6.37 EPS for the current year.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is owned by insiders.

Institutional Trading of CF Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of CF Industries in the 4th quarter valued at about $74,000. Kingsview Wealth Management LLC bought a new stake in CF Industries in the third quarter valued at approximately $3,149,000. AMG National Trust Bank acquired a new stake in CF Industries during the 3rd quarter valued at $887,000. Quantinno Capital Management LP lifted its stake in shares of CF Industries by 118.7% during the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after buying an additional 8,679 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of CF Industries by 3.8% during the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock worth $23,269,000 after acquiring an additional 9,815 shares during the period. 93.06% of the stock is owned by institutional investors.

CF Industries Company Profile

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.