CF Industries Holdings, Inc. (NYSE:CF – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $95.24, but opened at $91.11. CF Industries shares last traded at $88.80, with a volume of 624,901 shares trading hands.
Wall Street Analysts Forecast Growth
CF has been the topic of a number of research analyst reports. Piper Sandler upgraded CF Industries from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $79.00 to $105.00 in a research report on Monday, January 13th. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 21st. Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Oppenheimer assumed coverage on shares of CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $82.00 to $75.00 in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.43.
Get Our Latest Report on CF Industries
CF Industries Price Performance
CF Industries (NYSE:CF – Get Free Report) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The company 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 business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Sell-side analysts anticipate that CF Industries Holdings, Inc. will post 6.37 earnings per share for the current year.
Insiders Place Their Bets
In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock valued at $2,355,425 in the last ninety days. Corporate insiders own 0.42% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board lifted its holdings in shares of 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 valued at $475,000 after buying an additional 2,055 shares during the period. Bank of Montreal Can lifted its holdings in CF Industries by 10.6% in 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 last quarter. Marshall Wace LLP bought a new position in shares of CF Industries in the second quarter worth about $386,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of CF Industries by 57.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 35,958 shares of the basic materials company’s stock valued at $2,665,000 after acquiring an additional 13,081 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of CF Industries by 11.0% during the second quarter. Toronto Dominion Bank now owns 159,791 shares of the basic materials company’s stock valued at $11,844,000 after buying an additional 15,790 shares during the last quarter. Institutional investors and hedge funds 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.
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