Piper Sandler Issues Positive Forecast for CF Industries (NYSE:CF) Stock Price

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

Other research analysts have also issued reports about the stock. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $96.00 to $100.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Redburn Atlantic started coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective on the stock. Royal Bank of Canada lowered CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research note on Tuesday, January 21st. Finally, Scotiabank reissued a “sector underperform” rating and set a $88.00 price target on shares of CF Industries in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $92.43.

CF Industries Stock Performance

Shares of CF opened at $90.27 on Monday. 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 stock has a 50-day moving average price of $89.27 and a 200-day moving average price of $84.07. The company has a market cap of $15.71 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. CF Industries has a 12-month low of $69.13 and a 12-month high of $98.25.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities analysts forecast that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the completion of the sale, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the sale, the vice president now directly owns 22,211 shares in the company, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CF Industries

Hedge funds have recently made changes to their positions in the company. FMR LLC increased its stake in shares of CF Industries by 3.8% during the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock valued at $711,003,000 after purchasing an additional 300,050 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in CF Industries by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock valued at $477,668,000 after buying an additional 22,392 shares in the last quarter. Victory Capital Management Inc. raised its stake in CF Industries by 15.1% during 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 buying an additional 549,569 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in CF Industries by 10.2% in the third quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock worth $111,582,000 after acquiring an additional 120,193 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of CF Industries by 2.4% in the third quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock worth $93,855,000 after acquiring an additional 25,701 shares during 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.