CF Industries (NYSE:CF) Price Target Raised to $92.00

CF Industries (NYSE:CF) had its price objective hoisted by equities research analysts at UBS Group from $91.00 to $92.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target indicates a potential upside of 2.66% from the company’s current price.

A number of other analysts have also recently issued reports on CF. Oppenheimer began coverage on CF Industries in a research note on Thursday, December 12th. They set an “outperform” rating and a $114.00 target price for the company. Barclays cut shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Redburn Atlantic initiated coverage on shares of CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Finally, Piper Sandler increased their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. 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, CF Industries currently has an average rating of “Hold” and an average price target of $92.43.

CF Industries Stock Performance

CF Industries stock opened at $89.62 on Tuesday. 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 has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a market cap of $15.59 billion, a PE ratio of 14.15, a PEG ratio of 0.71 and a beta of 0.98. The company’s 50-day moving average is $89.22 and its two-hundred day moving average is $83.93.

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

Insider Activity

In related news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now directly owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,389 shares of company stock valued at $2,355,425. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CF Industries by 21.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,382 shares of the basic materials company’s stock worth $2,166,000 after purchasing an additional 4,457 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. grew its position in CF Industries by 7.9% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 28,730 shares of the basic materials company’s stock worth $2,451,000 after acquiring an additional 2,100 shares during the last quarter. Choreo LLC grew its position in CF Industries by 11.5% during the 4th quarter. Choreo LLC now owns 8,199 shares of the basic materials company’s stock worth $695,000 after acquiring an additional 848 shares during the last quarter. Confluence Wealth Services Inc. bought a new position in CF Industries during the 4th quarter worth approximately $989,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in CF Industries by 14.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock worth $14,543,000 after buying an additional 21,632 shares during the period. Institutional investors 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.