Oppenheimer Lowers CF Industries (NYSE:CF) Price Target to $111.00

CF Industries (NYSE:CF) had its price target cut by analysts at Oppenheimer from $114.00 to $111.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Oppenheimer’s price objective suggests a potential upside of 19.96% from the company’s current price.

Several other research firms also recently commented on CF. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 16th. Piper Sandler lifted their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Redburn Atlantic started coverage on shares of CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 target price on the stock. Mizuho boosted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Scotiabank reiterated a “sector underperform” rating and set a $88.00 price objective on shares of CF Industries in a research note on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.43.

CF Industries Stock Performance

Shares of CF Industries stock opened at $92.53 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. The stock’s fifty day moving average is $89.32 and its two-hundred day moving average is $84.13. CF Industries has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a market capitalization of $16.10 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last announced 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 during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. As a group, analysts expect that CF Industries will post 6.37 earnings per share for the current year.

Insider Activity

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the sale, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock worth $2,355,425 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of CF Industries

Several large investors have recently made changes to their positions in the business. FMR LLC lifted its position in 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of CF Industries by 0.4% in 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 during the period. Victory Capital Management Inc. boosted its stake in shares of 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 worth $359,386,000 after buying an additional 549,569 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in CF Industries by 10.2% during 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 during the period. Finally, AustralianSuper Pty Ltd raised its position in CF Industries by 2.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,093,885 shares of the basic materials company’s stock valued at $93,855,000 after acquiring an additional 25,701 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.