CF Industries Holdings, Inc. (NYSE:CF – Free Report) – Analysts at Scotiabank upped their Q4 2024 earnings estimates for shares of CF Industries in a note issued to investors on Wednesday, January 29th. Scotiabank analyst B. Isaacson now expects that the basic materials company will earn $1.55 per share for the quarter, up from their previous estimate of $1.49. Scotiabank has a “Sector Underperform” rating and a $88.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $6.37 per share.
CF has been the topic of several other reports. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research report on Wednesday, October 16th. Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Mizuho boosted their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Oppenheimer reduced their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.43.
CF Industries Price Performance
NYSE CF opened at $92.53 on Thursday. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The firm has a market capitalization of $16.10 billion, a PE ratio of 14.64, a P/E/G ratio of 0.71 and a beta of 0.98. The company’s 50 day simple moving average is $89.32 and its 200 day simple moving average is $84.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.
CF Industries (NYSE:CF – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. CF Industries’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS.
Insider Activity at CF Industries
In other CF Industries 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 value of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.
Hedge Funds Weigh In On CF Industries
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in shares of CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of CF Industries by 7,617.5% in the third quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock worth $375,440,000 after buying an additional 431,910 shares during the last quarter. Barclays PLC lifted its position in shares of CF Industries by 68.9% in the third quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after buying an additional 300,873 shares during the last quarter. FMR LLC boosted its stake in shares of CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after acquiring an additional 300,050 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of CF Industries during the 3rd quarter valued at about $17,437,000. Institutional investors own 93.06% of the company’s stock.
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.
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