CF Industries (NYSE:CF) Rating Increased to Overweight at Piper Sandler

CF Industries (NYSE:CF) was upgraded by research analysts at Piper Sandler from an “underweight” rating to an “overweight” rating in a research note issued on Monday. The brokerage currently has a $105.00 price target on the basic materials company’s stock, up from their previous price target of $79.00. Piper Sandler’s price objective suggests a potential upside of 18.34% from the company’s current price.

A number of other analysts have also recently commented on the company. 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 report on Wednesday, October 16th. Redburn Atlantic assumed coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. Oppenheimer assumed coverage on CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price target for the company. Mizuho boosted their price target on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.38.

CF Industries Stock Up 2.0 %

CF stock opened at $88.73 on Monday. CF Industries has a 1-year low of $69.13 and a 1-year high of $94.46. The business has a fifty day moving average price of $87.25 and a 200-day moving average price of $82.14. 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 stock has a market capitalization of $15.44 billion, a P/E ratio of 14.04, a P/E/G ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts forecast that CF Industries will post 6.32 earnings per share for the current fiscal year.

Insider Activity at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now owns 62,768 shares in the company, valued at approximately $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,500 shares of company stock valued at $1,224,470. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC purchased a new position in CF Industries during the 3rd quarter worth $28,000. Brooklyn Investment Group purchased a new position in CF Industries during the 3rd quarter worth $39,000. Quent Capital LLC increased its holdings in CF Industries by 132.1% during 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 purchased a new position in CF Industries during the 2nd quarter worth $50,000. Finally, Catalyst Capital Advisors LLC increased its holdings in CF Industries by 262.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 478 shares during the period. 93.06% of the stock is currently owned by hedge funds and other 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.