CF Industries (NYSE:CF) Lowered to “Equal Weight” Rating by Barclays

CF Industries (NYSE:CF) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. They currently have a $100.00 price target on the basic materials company’s stock, up from their previous price target of $96.00. Barclays‘s price target would suggest a potential upside of 3.08% from the company’s current price.

A number of other brokerages have also commented on CF. Mizuho boosted their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Oppenheimer started coverage on CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target on the stock. 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 note on Monday, January 13th. Wells Fargo & Company lifted their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Finally, Redburn Atlantic started coverage on shares of CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.69.

CF Industries Stock Performance

CF opened at $97.01 on Tuesday. The company has a market capitalization of $16.88 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.73 and a beta of 0.98. The business’s 50-day moving average price is $88.63 and its two-hundred day moving average price is $83.16. CF Industries has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

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

Insider Activity

In related news, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were 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 directly owns 22,211 shares in the company, valued at approximately $2,016,314.58. This represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,389 shares of company stock valued at $2,355,425. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position 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 worth $711,003,000 after acquiring an additional 300,050 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CF Industries by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,567,230 shares of the basic materials company’s stock worth $477,668,000 after purchasing an additional 22,392 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Earnest Partners LLC boosted its position in shares of CF Industries by 2.8% during the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after buying an additional 59,674 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in CF Industries by 10.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,300,485 shares of the basic materials company’s stock valued at $111,582,000 after buying an additional 120,193 shares during the last quarter. 93.06% of the stock is owned by 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.