CF Industries (NYSE:CF) Stock Rating Lowered by Royal Bank of Canada

Royal Bank of Canada downgraded shares of CF Industries (NYSE:CF) from an outperform rating to a sector perform rating in a research report report published on Tuesday, Marketbeat.com reports. They currently have $100.00 target price on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Barclays cut CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $96.00 to $100.00 in a research note on Tuesday. Piper Sandler upgraded CF Industries from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $79.00 to $105.00 in a research note on Monday, January 13th. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 16th. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $92.69.

CF Industries Price Performance

CF stock opened at $93.59 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The business has a 50 day moving average price of $88.81 and a 200 day moving average price of $83.32. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.73 and a beta of 0.98.

CF Industries (NYSE:CF) last issued 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. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 over the last quarter. Company insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

Several large investors have recently bought and sold shares of CF. Mercer Global Advisors Inc. ADV grew its holdings in CF Industries by 2.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,972 shares of the basic materials company’s stock valued at $961,000 after purchasing an additional 312 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in CF Industries by 323.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,774 shares of the basic materials company’s stock valued at $1,095,000 after purchasing an additional 11,287 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in CF Industries by 47.1% in the second quarter. Public Sector Pension Investment Board now owns 6,414 shares of the basic materials company’s stock valued at $475,000 after purchasing an additional 2,055 shares during the last quarter. Bank of Montreal Can grew its holdings in CF Industries by 10.6% in the second quarter. Bank of Montreal Can now owns 338,510 shares of the basic materials company’s stock valued at $25,615,000 after purchasing an additional 32,557 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of CF Industries in the second quarter valued at $386,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.