CF Industries’ (CF) “Sector Underperform” Rating Reiterated at Scotiabank

Scotiabank restated their sector underperform rating on shares of CF Industries (NYSE:CF) in a report published on Friday morning, Marketbeat Ratings reports. They currently have a $88.00 target price on the basic materials company’s stock.

Several other research firms have also issued reports on CF. Royal Bank of Canada lowered CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, January 21st. Piper Sandler raised CF Industries from an “underweight” rating to an “overweight” rating and raised their price target for the company from $79.00 to $105.00 in a report on Monday, January 13th. Redburn Atlantic assumed coverage on shares of CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $96.00 to $100.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $82.00 to $75.00 in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $91.43.

CF Industries Price Performance

NYSE:CF opened at $88.07 on Friday. The stock has a market capitalization of $15.33 billion, a PE ratio of 13.93, a P/E/G ratio of 0.71 and a beta of 0.98. CF Industries has a 1-year low of $69.13 and a 1-year high of $98.25. The firm has a fifty day simple moving average of $89.19 and a 200 day simple moving average of $83.80. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS 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 the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, research analysts expect that CF Industries will post 6.37 EPS for the current fiscal year.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $92.86, for a total value of $325,010.00. Following the transaction, the executive vice president now owns 62,768 shares of the company’s stock, valued at approximately $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction on 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 directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,389 shares of company stock worth $2,355,425. Corporate insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC purchased a new stake in CF Industries in the third quarter worth $28,000. Heck Capital Advisors LLC bought a new position in shares of CF Industries during the 4th quarter worth $34,000. Brooklyn Investment Group purchased a new stake in CF Industries in the 3rd quarter worth about $39,000. Quent Capital LLC raised its stake in CF Industries by 132.1% in the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in CF Industries during the second quarter valued at about $50,000. Institutional investors own 93.06% of the company’s stock.

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.