Barclays Cuts CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF - Get Free Report) had its price objective dropped by investment analysts at Barclays from $100.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the basic materials company's stock. Barclays's target price would indicate a potential upside of 26.18% from the stock's current price.

A number of other analysts have also weighed in on the company. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Scotiabank lowered their price objective on shares of CF Industries from $88.00 to $81.00 and set a "sector underperform" rating for the company in a research report on Monday, February 24th. UBS Group reduced their target price on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, Bank of America upgraded CF Industries from an "underperform" rating to a "neutral" rating and set a $84.00 price target for the company in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $90.15.

CF Industries Trading Down 3.4 %

CF stock opened at $75.29 on Wednesday. The firm's fifty day simple moving average is $87.13 and its two-hundred day simple moving average is $85.60. The stock has a market capitalization of $12.76 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25.

CF Industries (NYSE:CF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, analysts anticipate that CF Industries will post 5.83 earnings per share for the current year.

Insider Buying and Selling at CF Industries

In related news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Susan L. Menzel sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the transaction, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $1,130,955 over the last quarter. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On CF Industries

A number of large investors have recently made changes to their positions in CF. Central Pacific Bank Trust Division acquired a new stake in shares of CF Industries during the fourth quarter worth about $74,000. Kingsview Wealth Management LLC purchased a new stake in shares of CF Industries in the 3rd quarter valued at $3,149,000. AMG National Trust Bank acquired a new position in CF Industries during the third quarter valued at $887,000. Mirae Asset Global Investments Co. Ltd. grew its position in CF Industries by 14.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company's stock worth $14,543,000 after purchasing an additional 21,632 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of CF Industries by 118.7% during the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company's stock valued at $1,372,000 after buying an additional 8,679 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.