CF Industries (NYSE:CF) Given New $100.00 Price Target at Royal Bank of Canada

CF Industries (NYSE:CF – Get Rating) had its price target decreased by Royal Bank of Canada from $105.00 to $100.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 9.19% from the stock’s previous close.

A number of other research firms have also commented on CF. Mizuho upped their price objective on shares of CF Industries from $81.00 to $120.00 in a research note on Friday, April 29th. Scotiabank lowered shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $81.00 to $118.00 in a research note on Monday, March 28th. The Goldman Sachs Group upped their price objective on shares of CF Industries from $91.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, March 16th. Citigroup upped their price objective on shares of CF Industries from $86.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, March 22nd. Finally, Piper Sandler upped their price objective on shares of CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.84.

CF traded down $8.24 during trading on Monday, reaching $91.58. 116,725 shares of the company’s stock were exchanged, compared to its average volume of 4,233,718. CF Industries has a one year low of $43.19 and a one year high of $113.49. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $19.15 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02. The firm has a fifty day moving average price of $99.48 and a two-hundred day moving average price of $78.44.

CF Industries (NYSE:CF – Get Rating) last posted its earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $4.21. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 173.7% compared to the same quarter last year. Sell-side analysts expect that CF Industries will post 16.58 earnings per share for the current year.

In other CF Industries news, VP Richard A. Hoker sold 4,085 shares of CF Industries stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $93.93, for a total transaction of $383,704.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 5,033 shares of CF Industries stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $97.32, for a total transaction of $489,811.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,333,463 shares of company stock valued at $107,631,042 in the last quarter. Company insiders own 0.42% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of CF Industries in the 4th quarter worth approximately $189,152,000. Soroban Capital Partners LP bought a new stake in shares of CF Industries in the 4th quarter worth approximately $154,078,000. Standard Investments LLC bought a new stake in shares of CF Industries in the 4th quarter worth approximately $122,096,000. Third Point LLC bought a new stake in shares of CF Industries in the 3rd quarter worth approximately $55,820,000. Finally, FIL Ltd raised its holdings in shares of CF Industries by 702.4% in the 3rd quarter. FIL Ltd now owns 1,011,487 shares of the basic materials company’s stock worth $56,461,000 after purchasing an additional 885,426 shares during the period. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

About CF Industries (Get Rating)

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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