CF Industries (NYSE:CF) Raised to Overweight at Piper Sandler

Piper Sandler upgraded shares of CF Industries (NYSE:CF - Free Report) from an underweight rating to an overweight rating in a report published on Monday, MarketBeat reports. They currently have $105.00 price target on the basic materials company's stock, up from their previous price target of $79.00.

A number of other equities research analysts have also commented on the company. Wells Fargo & Company upped their price target on CF Industries from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Tuesday, September 24th. Bank of America downgraded CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Oppenheimer started coverage on CF Industries in a research note on Thursday, December 12th. They issued an "outperform" rating and a $114.00 price objective for the company. Barclays increased their price objective on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Finally, Redburn Atlantic assumed coverage on CF Industries in a report on Friday, October 18th. They issued a "neutral" rating and a $77.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $92.38.

CF Industries Price Performance

CF stock traded up $6.70 during midday trading on Monday, reaching $95.46. 3,067,763 shares of the stock were exchanged, compared to its average volume of 1,934,223. The stock has a market capitalization of $16.61 billion, a PE ratio of 15.10, a P/E/G ratio of 2.37 and a beta of 0.98. CF Industries has a 52 week low of $69.13 and a 52 week high of $95.72. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a fifty day moving average price of $87.25 and a 200 day moving average price of $82.14.

CF Industries (NYSE:CF - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business's revenue was up 7.6% on a year-over-year basis. As a group, analysts expect that CF Industries will post 6.32 EPS for the current fiscal year.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company's stock, valued at approximately $5,828,636.48. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bert A. Frost sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now owns 103,155 shares of the company's stock, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,500 shares of company stock worth $1,224,470. Corporate insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On CF Industries

Hedge funds have recently modified their holdings of the business. Wolff Wiese Magana LLC purchased a new stake in shares of CF Industries during the 3rd quarter valued at about $28,000. Brooklyn Investment Group purchased a new position in shares of CF Industries during the third quarter worth approximately $39,000. Quent Capital LLC boosted its stake in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 284 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 478 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in CF Industries in the second quarter valued at approximately $50,000. Institutional investors 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.