CF Industries (NYSE:CF) Cut to “Sector Perform” at Royal Bank of Canada

CF Industries (NYSE:CF) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday,Briefing.com Automated Import reports. They presently have a $100.00 price target on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 3.08% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Piper Sandler raised shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $79.00 to $105.00 in a report on Monday, January 13th. Barclays cut CF Industries from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $96.00 to $100.00 in a report on Tuesday. Redburn Atlantic began coverage on CF Industries in a research note on Friday, October 18th. They set a “neutral” rating and a $77.00 price target for the company. Finally, Mizuho lifted their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.69.

CF Industries Trading Down 0.2 %

Shares of CF stock opened at $97.01 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a fifty day simple moving average of $88.63 and a two-hundred day simple moving average of $83.16. The firm has a market capitalization of $16.88 billion, a PE ratio of 15.35, a PEG ratio of 0.73 and a beta of 0.98. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25.

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

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 over the last three months. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On CF Industries

Large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its stake in CF Industries by 2.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,972 shares of the basic materials company’s stock worth $961,000 after acquiring an additional 312 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 period. Public Sector Pension Investment Board grew its stake 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 worth $475,000 after purchasing an additional 2,055 shares in the last quarter. Bank of Montreal Can increased its holdings in CF Industries by 10.6% during the 2nd quarter. Bank of Montreal Can now owns 338,510 shares of the basic materials company’s stock worth $25,615,000 after purchasing an additional 32,557 shares during the period. Finally, Marshall Wace LLP bought a new stake in CF Industries during the 2nd quarter valued at $386,000. Hedge funds and other institutional investors 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.