CF Industries (NYSE:CF) Earns Outperform Rating from Analysts at Oppenheimer

Equities research analysts at Oppenheimer started coverage on shares of CF Industries (NYSE:CF) in a research note issued on Thursday, MarketBeat reports. The brokerage set an “outperform” rating and a $114.00 price target on the basic materials company’s stock. Oppenheimer’s price objective suggests a potential upside of 27.40% from the company’s previous close.

Several other equities research analysts have also commented on CF. UBS Group boosted their price objective on shares of CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Piper Sandler increased their price target on shares of CF Industries from $77.00 to $79.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their price objective on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Royal Bank of Canada increased their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, Barclays boosted their price target on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six 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 a consensus target price of $90.38.

CF Industries Trading Down 0.7 %

Shares of CF Industries stock opened at $89.48 on Thursday. The company has a 50-day moving average of $86.71 and a two-hundred day moving average of $80.69. CF Industries has a 12-month low of $69.13 and a 12-month high of $94.46. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $15.57 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (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 revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, research analysts anticipate that CF Industries will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction 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 in the company, valued at $2,016,314.58. The trade was a 23.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,701 shares of company stock valued at $2,052,704. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Swedbank AB grew its stake in shares of CF Industries by 9.7% in the second quarter. Swedbank AB now owns 261,383 shares of the basic materials company’s stock valued at $19,374,000 after buying an additional 23,144 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in CF Industries by 17.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after acquiring an additional 7,294 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of CF Industries during the third quarter valued at approximately $3,149,000. AMG National Trust Bank acquired a new position in shares of CF Industries during the third quarter worth $887,000. Finally, Entropy Technologies LP lifted its position in shares of CF Industries by 104.1% during the third quarter. Entropy Technologies LP now owns 31,111 shares of the basic materials company’s stock worth $2,669,000 after purchasing an additional 15,866 shares in the last quarter. Hedge funds and other 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.