CF Industries (NYSE:CF - Get Free Report) was upgraded by analysts at Scotiabank from a "sector underperform" rating to a "sector perform" rating in a note issued to investors on Wednesday, Marketbeat reports. The brokerage presently has a $81.00 price objective on the basic materials company's stock. Scotiabank's price objective suggests a potential upside of 11.88% from the company's previous close.
A number of other research analysts also recently commented on CF. Royal Bank of Canada lowered their target price 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. JPMorgan Chase & Co. cut shares of CF Industries from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. The Goldman Sachs Group began coverage on CF Industries in a research note on Thursday, March 13th. They set a "neutral" rating and a $86.00 price objective on the stock. Piper Sandler lifted their price objective 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. Finally, UBS Group lowered their target price on shares of CF Industries from $92.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $89.20.
Read Our Latest Report on CF
CF Industries Price Performance
Shares of CF stock traded up $0.40 during mid-day trading on Wednesday, hitting $72.40. The company had a trading volume of 691,170 shares, compared to its average volume of 2,091,816. The company has a market capitalization of $12.27 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.37 and a beta of 0.84. The stock's 50 day moving average price is $77.92 and its 200-day moving average price is $84.41. CF Industries has a 52-week low of $67.34 and a 52-week high of $98.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52.
CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.49 by $0.40. CF Industries had a return on equity of 15.50% and a net margin of 20.52%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts forecast that CF Industries will post 5.83 earnings per share for the current year.
Insider Buying and Selling at CF Industries
In other news, 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 value of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company's stock, valued at approximately $8,878,656. This represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On CF Industries
A number of large investors have recently bought and sold shares of CF. Central Pacific Bank Trust Division bought a new position in shares of CF Industries in the 4th quarter worth $74,000. Korea Investment CORP raised its holdings in CF Industries by 88.5% in the fourth quarter. Korea Investment CORP now owns 150,374 shares of the basic materials company's stock worth $12,830,000 after purchasing an additional 70,585 shares in the last quarter. National Pension Service lifted its position in shares of CF Industries by 2,848.4% during the fourth quarter. National Pension Service now owns 290,384 shares of the basic materials company's stock valued at $24,776,000 after buying an additional 280,535 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of CF Industries in the 4th quarter valued at about $51,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CF Industries by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company's stock worth $494,202,000 after buying an additional 225,109 shares during the last quarter. Institutional investors own 93.06% of the company's stock.
CF Industries Company Profile
(
Get Free Report)
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.
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