CF Industries (NYSE:CF) Price Target Cut to $75.00

CF Industries (NYSE:CF) had its target price decreased by research analysts at Piper Sandler from $82.00 to $75.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “underweight” rating on the basic materials company’s stock. Piper Sandler’s price target indicates a potential upside of 2.40% from the stock’s previous close.

Several other analysts also recently commented on CF. Wolfe Research started coverage on shares of CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price for the company. UBS Group downgraded shares of CF Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a research report on Friday, January 12th. Berenberg Bank boosted their target price on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, BMO Capital Markets decreased 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. Two 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, the company currently has an average rating of “Hold” and a consensus target price of $85.00.

CF Industries Stock Performance

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

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 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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The business’s revenue for the quarter was down 26.9% on a year-over-year basis. Research analysts expect that CF Industries will post 5.86 EPS for the current fiscal year.

Insider Activity at CF Industries

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

Hedge Funds Weigh In On CF Industries

A number of hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. bought a new stake in shares of CF Industries in the 1st quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CF Industries in the 4th quarter worth about $29,000. ORG Partners LLC grew its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of CF Industries in the 4th quarter worth about $32,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of CF Industries in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.