BMO Capital Markets Lowers CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF) had its price objective cut by investment analysts at BMO Capital Markets from $100.00 to $95.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 26.68% from the company’s previous close.

A number of other analysts have also commented on CF. UBS Group lowered shares of CF Industries from a “buy” rating to a “neutral” rating and decreased their price target for the company from $95.00 to $83.00 in a research note on Wednesday, January 31st. Wolfe Research began coverage on shares of CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price target for the company. Bank of America reaffirmed a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Friday, January 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Price Performance

Shares of NYSE:CF opened at $74.99 on Monday. The firm has a 50 day moving average of $81.24 and a 200-day moving average of $79.15. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. CF Industries has a 12 month low of $60.08 and a 12 month high of $87.90. The stock has a market capitalization of $13.71 billion, a PE ratio of 12.46, a PEG ratio of 2.11 and a beta of 1.02.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company posted $2.85 earnings per share. The firm’s quarterly revenue was down 26.9% on a year-over-year basis. On average, equities research analysts predict that CF Industries will post 5.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On CF Industries

A number of large investors have recently bought and sold shares of CF. Westside Investment Management Inc. bought a new stake in CF Industries during the 1st quarter valued at $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CF Industries during the 4th quarter valued at about $29,000. ORG Partners LLC increased its holdings in CF Industries by 428.6% in the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after buying an additional 300 shares during the period. Bruce G. Allen Investments LLC purchased a new position in shares of CF Industries during the fourth quarter worth $32,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of CF Industries in the 4th quarter valued at about $36,000. 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.