CF Industries (NYSE:CF - Get Free Report) had its price objective increased by Berenberg Bank from $68.00 to $69.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "hold" rating on the basic materials company's stock. Berenberg Bank's price target would suggest a potential downside of 11.31% from the stock's previous close.
CF has been the subject of several other research reports. Piper Sandler downgraded CF Industries from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Barclays upgraded shares of CF Industries from an "underweight" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Wolfe Research assumed coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an "outperform" rating and a $99.00 target price for the company. UBS Group lowered CF Industries from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company cut their target price on shares of CF Industries from $98.00 to $97.00 and set an "overweight" rating on the stock in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $87.94.
View Our Latest Stock Analysis on CF
CF Industries Price Performance
Shares of NYSE CF traded up $0.05 during midday trading on Wednesday, reaching $77.80. 1,839,164 shares of the company traded hands, compared to its average volume of 2,512,117. CF Industries has a 12 month low of $60.08 and a 12 month high of $87.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. The stock's 50-day simple moving average is $81.31 and its 200-day simple moving average is $79.79. The firm has a market cap of $14.61 billion, a PE ratio of 9.90, a PEG ratio of 2.23 and a beta of 1.03.
CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $4.35 earnings per share. The company's revenue for the quarter was down 39.8% on a year-over-year basis. As a group, equities analysts anticipate that CF Industries will post 5.85 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 12th. The shares were 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 $5,442,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. acquired a new stake in CF Industries in the fourth quarter valued at approximately $26,000. Clear Street Markets LLC increased its stake in CF Industries by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 185 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in CF Industries during the fourth quarter worth $29,000. ORG Partners LLC lifted its stake in shares of CF Industries by 428.6% in the third quarter. ORG Partners LLC now owns 370 shares of the basic materials company's stock valued at $32,000 after buying an additional 300 shares in the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of CF Industries during the fourth quarter valued at about $32,000. 93.06% of the stock is owned by institutional investors.
About CF Industries
(
Get Free Report)
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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