CF Industries (NYSE:CF) Stock Price Expected to Rise, Piper Sandler Analyst Says

CF Industries (NYSE:CF) had its target price hoisted by equities research analysts at Piper Sandler from $105.00 to $115.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Piper Sandler’s price target would suggest a potential upside of 27.40% from the stock’s current price.

A number of other research firms also recently issued reports on CF. Redburn Atlantic assumed coverage on CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Royal Bank of Canada downgraded 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 report on Tuesday, January 21st. Finally, Oppenheimer assumed coverage on shares of CF Industries in a report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 target price for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.43.

CF Industries Price Performance

Shares of NYSE:CF opened at $90.27 on Monday. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The stock’s 50 day moving average is $89.27 and its 200-day moving average is $84.07. 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 firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Sell-side analysts forecast that CF Industries will post 6.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Ashraf K. Malik sold 8,889 shares of the company’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 transaction of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 25,389 shares of company stock valued at $2,355,425. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On CF Industries

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group boosted its stake in CF Industries by 26.9% in the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares during the period. Ballentine Partners LLC lifted its holdings in shares of CF Industries by 2.3% in the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock worth $482,000 after buying an additional 127 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of CF Industries by 4.9% in 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 period. Greenleaf Trust grew its stake in CF Industries by 4.7% during the fourth quarter. Greenleaf Trust now owns 3,784 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 169 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after acquiring an additional 179 shares during the period. 93.06% of the stock is currently owned by hedge funds and other 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.