CF Industries (NYSE:CF) PT Raised to $78.00 at Credit Suisse Group

CF Industries (NYSE:CFGet Rating) had its price target lifted by equities researchers at Credit Suisse Group from $73.00 to $78.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has an “underperform” rating on the basic materials company’s stock. Credit Suisse Group’s target price would suggest a potential downside of 19.52% from the stock’s current price.

A number of other research firms have also recently weighed in on CF. Barclays began coverage on shares of CF Industries in a research note on Wednesday, June 1st. They set an “equal weight” rating and a $103.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of CF Industries from $100.00 to $110.00 and gave the stock a “sector perform” rating in a report on Thursday, July 14th. UBS Group boosted their target price on shares of CF Industries from $105.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday. Consumer Edge lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating in a report on Thursday, April 14th. Finally, Piper Sandler boosted their target price on shares of CF Industries from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.59.

CF Industries Stock Performance

NYSE CF opened at $96.92 on Tuesday. The firm’s fifty day moving average price is $89.33 and its two-hundred day moving average price is $90.14. The stock has a market cap of $20.22 billion, a PE ratio of 7.94, a PEG ratio of 0.85 and a beta of 1.06. CF Industries has a fifty-two week low of $43.19 and a fifty-two week high of $113.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72.

CF Industries (NYSE:CFGet Rating) last posted its earnings results on Monday, August 1st. The basic materials company reported $6.19 earnings per share for the quarter, missing analysts’ consensus estimates of $6.23 by ($0.04). The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.50 billion. CF Industries had a return on equity of 51.86% and a net margin of 25.28%. The business’s quarterly revenue was up 113.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. On average, equities analysts expect that CF Industries will post 18.42 EPS for the current fiscal year.

Insider Activity

In other news, VP Richard A. Hoker sold 6,684 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $94.90, for a total transaction of $634,311.60. Following the completion of the transaction, the vice president now directly owns 45,243 shares of the company’s stock, valued at approximately $4,293,560.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. purchased a new stake in shares of CF Industries during the 1st quarter valued at approximately $26,000. Lindbrook Capital LLC lifted its stake in shares of CF Industries by 555.1% during the 2nd quarter. Lindbrook Capital LLC now owns 321 shares of the basic materials company’s stock valued at $28,000 after buying an additional 272 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of CF Industries by 64.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company’s stock valued at $26,000 after buying an additional 142 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of CF Industries by 540.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 455 shares of the basic materials company’s stock valued at $39,000 after buying an additional 384 shares in the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of CF Industries during the 2nd quarter valued at approximately $41,000. 93.00% of the stock is owned by institutional investors.

About CF Industries

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CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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