CF Industries (NYSE:CF) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of CF Industries (NYSE:CF) from an underweight rating to an overweight rating in a research note issued to investors on Monday, MarketBeat.com reports. Piper Sandler currently has $105.00 price target on the basic materials company’s stock, up from their previous price target of $79.00.

Other analysts have also issued reports about the stock. Redburn Atlantic assumed coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price for the company. Oppenheimer initiated coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Wells Fargo & Company increased their price target on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, October 16th. Finally, Mizuho lifted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.38.

CF Industries Price Performance

Shares of CF Industries stock opened at $95.46 on Monday. The firm has a market cap of $16.61 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98. CF Industries has a 12-month low of $69.13 and a 12-month high of $95.72. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $87.43 and its two-hundred day simple moving average is $82.28.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the company posted $0.85 EPS. CF Industries’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that CF Industries will post 6.32 EPS for the current year.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares in the company, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock worth $1,224,470 over the last 90 days. 0.42% of the stock is currently owned by insiders.

Institutional Trading of CF Industries

Large investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in shares of CF Industries by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 135 shares during the last quarter. PNC Financial Services Group Inc. raised its position in CF Industries by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after purchasing an additional 179 shares during the period. Westwood Holdings Group Inc. raised its position in CF Industries by 6.2% in the second quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock valued at $252,000 after purchasing an additional 197 shares during the period. 3Chopt Investment Partners LLC increased its position in shares of CF Industries by 2.4% during the second quarter. 3Chopt Investment Partners LLC now owns 10,410 shares of the basic materials company’s stock worth $772,000 after acquiring an additional 242 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of CF Industries by 3.0% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,410 shares of the basic materials company’s stock worth $722,000 after acquiring an additional 245 shares during the last quarter. Institutional investors and hedge funds 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.