UBS Group Cuts CF Industries (NYSE:CF) Price Target to $90.00

CF Industries (NYSE:CF - Get Free Report) had its price target dropped by investment analysts at UBS Group from $92.00 to $90.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the basic materials company's stock. UBS Group's target price points to a potential upside of 16.02% from the company's current price.

Several other research firms also recently weighed in on CF. Barclays downgraded shares of CF Industries from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $96.00 to $100.00 in a report on Tuesday, January 21st. Scotiabank reaffirmed a "sector underperform" rating and issued a $88.00 price target on shares of CF Industries in a research note on Friday, January 24th. Royal Bank of Canada lowered shares of CF Industries from an "outperform" rating to a "sector perform" rating and set a $100.00 price objective on the stock. in a research note on Tuesday, January 21st. JPMorgan Chase & Co. cut CF Industries from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Piper Sandler increased their price target on CF Industries from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $91.86.

CF Industries Stock Performance

Shares of NYSE:CF traded down $0.32 on Thursday, reaching $77.58. 2,462,129 shares of the company's stock were exchanged, compared to its average volume of 2,509,686. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The business's 50-day moving average is $87.91 and its two-hundred day moving average is $85.67. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.37 and a beta of 0.98.

CF Industries (NYSE:CF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping 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 the consensus estimate of $1.50 billion. As a group, equities research analysts forecast that CF Industries will post 5.83 EPS for the current year.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the business's 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 of the company's stock, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,389 shares of company stock valued at $1,455,965 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

A number of institutional investors have recently made changes to their positions in CF. Mizuho Bank Ltd. acquired a new position in CF Industries in the fourth quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in shares of CF Industries in the fourth quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in CF Industries during the 3rd quarter worth about $39,000. Creative Financial Designs Inc. ADV raised its position in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company's stock valued at $41,000 after buying an additional 161 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in CF Industries during the fourth quarter worth $44,000. 93.06% of the stock is currently owned by 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.