CF Industries (NYSE:CF) PT Lowered to $75.00

CF Industries (NYSE:CF) had its price target cut by investment analysts at Piper Sandler from $82.00 to $75.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “underweight” rating on the basic materials company’s stock. Piper Sandler’s target price would indicate a potential upside of 2.40% from the company’s current price.

CF has been the subject of a number of other research reports. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a research report on Friday, February 16th. BMO Capital Markets cut their target price on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company cut their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Berenberg Bank boosted their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Stock Down 2.3 %

Shares of NYSE CF opened at $73.24 on Tuesday. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. CF Industries has a 52 week low of $60.08 and a 52 week high of $87.90. The firm has a 50-day moving average price of $81.11 and a 200 day moving average price of $79.11. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

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

Insider Activity at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.48% of the stock is owned by insiders.

Institutional Investors Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB lifted its position in shares of CF Industries by 9.5% during the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after purchasing an additional 1,636 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of CF Industries by 926.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after purchasing an additional 165,808 shares in the last quarter. Comerica Bank lifted its position in shares of CF Industries by 133.8% during the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after purchasing an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in shares of CF Industries during the fourth quarter worth $1,627,000. Finally, Raymond James & Associates lifted its position in shares of CF Industries by 25.4% during the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after purchasing an additional 27,027 shares in the last quarter. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.