CF Industries (NYSE:CF) Cut to Sector Perform at Royal Bank of Canada

Royal Bank of Canada lowered shares of CF Industries (NYSE:CF) from an outperform rating to a sector perform rating in a research report report published on Tuesday, Marketbeat reports. Royal Bank of Canada currently has $100.00 price objective on the basic materials company’s stock.

A number of other analysts have also recently weighed in on CF. Oppenheimer started coverage on shares of CF Industries in a research note on Thursday, December 12th. They issued an “outperform” rating and a $114.00 target price on the stock. Bank of America lowered 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. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $96.00 to $100.00 in a research report on Tuesday. Piper Sandler upgraded CF Industries from an “underweight” rating to an “overweight” rating and upped their price target for the company from $79.00 to $105.00 in a research report on Monday, January 13th. Finally, Mizuho lifted their price objective on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target of $92.69.

CF Industries Price Performance

Shares of CF stock opened at $95.22 on Tuesday. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a market capitalization of $16.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.71 and a beta of 0.98. The stock has a 50 day moving average of $89.17 and a two-hundred day moving average of $83.48. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. As a group, equities analysts expect that CF Industries will post 6.37 EPS for the current year.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares in the company, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

Several large investors have recently bought and sold shares of the business. Wolff Wiese Magana LLC acquired a new position in shares of CF Industries during the 3rd quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in CF Industries during the 4th quarter worth approximately $34,000. Brooklyn Investment Group acquired a new position in CF Industries during the third quarter valued at approximately $39,000. Quent Capital LLC increased its stake in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in CF Industries in the second quarter worth $50,000. 93.06% of the stock is currently owned by institutional investors and hedge funds.

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.