CF Industries (NYSE:CF) Given a $105.00 Price Target at Wells Fargo & Company

CF Industries (NYSE:CF) has been given a $105.00 price target by analysts at Wells Fargo & Company in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 14.70% from the company’s current price.

A number of other brokerages also recently commented on CF. The Goldman Sachs Group initiated coverage on CF Industries in a research report on Thursday, March 13th. They issued a “neutral” rating and a $86.00 price objective for the company. Barclays raised their price objective on CF Industries from $87.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 14th. UBS Group raised their price objective on CF Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. BNP Paribas upgraded CF Industries to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, Royal Bank Of Canada reduced their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average target price of $91.79.

CF Industries Price Performance

Shares of NYSE:CF opened at $91.54 on Wednesday. The business has a 50 day moving average price of $87.72 and a 200 day moving average price of $84.56. The company has a quick ratio of 2.22, a current ratio of 2.59 and a debt-to-equity ratio of 0.41. CF Industries has a twelve month low of $67.34 and a twelve month high of $104.45. The company has a market cap of $15.52 billion, a price-to-earnings ratio of 12.06 and a beta of 0.97.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.38. CF Industries had a return on equity of 17.39% and a net margin of 21.80%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $1.03 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts predict that CF Industries will post 5.83 earnings per share for the current year.

CF Industries announced that its board has authorized a share buyback plan on Wednesday, May 7th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to repurchase up to 14.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 10,000 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $100.23, for a total transaction of $1,002,300.00. Following the completion of the sale, the executive vice president now directly owns 87,923 shares of the company’s stock, valued at $8,812,522.29. This trade represents a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its stake in shares of CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock valued at $221,000 after buying an additional 108 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of CF Industries by 1.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,727 shares of the basic materials company’s stock valued at $682,000 after buying an additional 116 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of CF Industries by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock valued at $495,000 after buying an additional 120 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of CF Industries by 1.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after buying an additional 126 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of CF Industries by 4.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock valued at $257,000 after buying an additional 126 shares during the period. 93.06% of the stock is owned by institutional investors and hedge funds.

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.