Redburn Atlantic Initiates Coverage on CF Industries (NYSE:CF)

Stock analysts at Redburn Atlantic started coverage on shares of CF Industries (NYSE:CF) in a report issued on Friday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $77.00 price target on the basic materials company’s stock. Redburn Atlantic’s price objective would indicate a potential downside of 8.32% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a report on Wednesday. Mizuho lifted their price objective 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. Barclays increased their price objective on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. UBS Group boosted their target price on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company increased their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, CF Industries currently has a consensus rating of “Hold” and a consensus price target of $87.67.

CF Industries Stock Performance

NYSE CF opened at $83.99 on Friday. The business’s 50 day moving average price is $82.79 and its 200-day moving average price is $78.30. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The company has a market cap of $15.35 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.19 and a current ratio of 4.70.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. CF Industries’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.70 earnings per share. Sell-side analysts predict that CF Industries will post 5.84 earnings per share for the current year.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of institutional investors have recently modified their holdings of CF. Victory Capital Management Inc. lifted its holdings in CF Industries by 401.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,639,079 shares of the basic materials company’s stock worth $269,729,000 after buying an additional 2,912,942 shares in the last quarter. Boston Partners boosted its holdings in CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock valued at $254,920,000 after purchasing an additional 835,557 shares during the period. Allspring Global Investments Holdings LLC grew its stake in CF Industries by 137.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after purchasing an additional 335,624 shares in the last quarter. LSV Asset Management grew its stake in CF Industries by 154.3% during the 2nd quarter. LSV Asset Management now owns 408,703 shares of the basic materials company’s stock worth $30,293,000 after purchasing an additional 248,003 shares in the last quarter. Finally, Swedbank AB purchased a new stake in CF Industries during the 1st quarter worth about $19,824,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.