CF Industries Holdings, Inc. (NYSE:CF) Receives $90.38 Average Target Price from Brokerages

CF Industries Holdings, Inc. (NYSE:CF) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.38.

CF has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Redburn Atlantic initiated coverage on CF Industries in a research note on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Wells Fargo & Company boosted their price target on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Piper Sandler raised shares of CF Industries from an “underweight” rating to an “overweight” rating and raised their target price for the company from $79.00 to $105.00 in a research report on Monday. Finally, Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research report on Wednesday, October 16th.

Insider Activity at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the firm’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 completion of the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,889 shares of company stock valued at $2,211,425 in the last 90 days. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new stake in CF Industries during the third quarter worth $28,000. Brooklyn Investment Group purchased a new stake in shares of CF Industries during the 3rd quarter valued at approximately $39,000. Quent Capital LLC boosted its stake in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 284 shares during the period. Kimelman & Baird LLC bought a new stake in CF Industries during the 2nd quarter worth approximately $50,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of CF Industries by 262.6% in the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock worth $57,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

CF Industries Price Performance

NYSE:CF opened at $96.52 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The company has a fifty day moving average price of $87.60 and a 200 day moving average price of $82.43. CF Industries has a one year low of $69.13 and a one year high of $96.78. The stock has a market cap of $16.80 billion, a P/E ratio of 15.27, a PEG ratio of 2.37 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, beating analysts’ consensus estimates of $1.05 by $0.50. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Analysts anticipate that CF Industries will post 6.32 earnings per share for the current year.

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.