CF Industries (NYSE:CF) Rating Lowered to “Equal Weight” at Barclays

CF Industries (NYSE:CF) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Tuesday, MarketBeat reports. They presently have a $100.00 price target on the basic materials company’s stock, up from their previous price target of $96.00. Barclays‘s price objective points to a potential upside of 6.91% from the company’s previous close.

Several other brokerages have also issued reports on CF. Piper Sandler raised CF Industries from an “underweight” rating to an “overweight” rating and upped their price target for the company from $79.00 to $105.00 in a research note on Monday, January 13th. Redburn Atlantic started coverage on shares of CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Oppenheimer initiated coverage on shares of CF Industries in a research note on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price objective on the stock. Finally, Royal Bank of Canada upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $92.69.

CF Industries Trading Down 0.1 %

CF opened at $93.53 on Tuesday. CF Industries has a 1-year low of $69.13 and a 1-year high of $98.25. The stock has a market capitalization of $16.28 billion, a PE ratio of 14.80, a PEG ratio of 0.73 and a beta of 0.98. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average price of $88.98 and a two-hundred day moving average price of $83.40.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. CF Industries’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that CF Industries will post 6.37 earnings per share for the current fiscal 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 transaction, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The stock was 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 of the company’s stock, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CF. FMR LLC boosted its position in CF Industries by 3.8% during the 3rd quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after acquiring an additional 300,050 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in CF Industries by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after purchasing an additional 22,392 shares during the last quarter. Victory Capital Management Inc. grew its position in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Earnest Partners LLC increased its stake in CF Industries by 2.8% in the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after buying an additional 59,674 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in CF Industries by 10.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after buying an additional 120,193 shares in the last quarter. 93.06% of the stock is currently owned by 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.