CF Industries (NYSE:CF) Trading 4.3% Higher - Should You Buy?

CF Industries Holdings, Inc. (NYSE:CF - Get Free Report) traded up 4.3% on Monday . The company traded as high as $93.71 and last traded at $92.56. 258,796 shares traded hands during trading, a decline of 83% from the average session volume of 1,528,398 shares. The stock had previously closed at $88.76.

Analyst Ratings Changes

Several equities analysts have issued reports on CF shares. Piper Sandler upgraded CF Industries from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $79.00 to $105.00 in a research note on Monday. Royal Bank of Canada increased their price objective on CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 4th. Bank of America cut CF Industries from a "neutral" rating to an "underperform" rating and set a $83.00 price target for the company. in a research note on Wednesday, October 16th. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They set a "neutral" rating and a $77.00 price target on the stock. Finally, Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $92.38.

CF Industries Trading Up 7.5 %

The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 2.37 and a beta of 0.98. The company has a fifty day moving average price of $87.43 and a 200-day moving average price of $82.28. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

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

Insiders Place Their Bets

In other news, EVP Susan L. Menzel sold 3,500 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now directly owns 62,768 shares of the company's stock, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bert A. Frost sold 3,000 shares of the firm'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 directly owns 103,155 shares in the company, valued at $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,500 shares of company stock worth $1,224,470. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

A number of hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division acquired a new stake in shares of CF Industries in the fourth quarter valued at $74,000. Kingsview Wealth Management LLC acquired a new position in CF Industries in the 3rd quarter valued at about $3,149,000. AMG National Trust Bank purchased a new stake in CF Industries during the third quarter worth about $887,000. Quantinno Capital Management LP lifted its position in shares of CF Industries by 118.7% during the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company's stock worth $1,372,000 after purchasing an additional 8,679 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of CF Industries by 3.8% in the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company's stock valued at $23,269,000 after purchasing an additional 9,815 shares during the period. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

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.