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

CF Industries (NYSE:CF) had its price target reduced by equities researchers at BMO Capital Markets from $100.00 to $95.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 26.68% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company dropped their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Piper Sandler cut shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Wolfe Research assumed coverage on CF Industries in a research note on Friday, March 1st. They set an “outperform” rating and a $99.00 price target on the stock. Barclays upgraded CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research report on Friday, January 12th. Finally, Berenberg Bank increased their price target on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $85.00.

CF Industries Stock Up 0.6 %

Shares of CF Industries stock opened at $74.99 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The company has a market capitalization of $13.71 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The business has a 50-day moving average of $81.24 and a two-hundred day moving average of $79.15. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business 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 earnings per share. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. As a group, equities analysts predict that CF Industries will post 5.86 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB grew its position in shares of CF Industries by 9.5% during the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 1,636 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in CF Industries by 926.1% in the 3rd 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 during the period. Comerica Bank raised its holdings in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after buying an additional 31,215 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in shares of CF Industries during the fourth quarter worth about $1,627,000. Finally, Raymond James & Associates raised its holdings 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 valued at $10,608,000 after acquiring an additional 27,027 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.