Royal Bank of Canada Issues Pessimistic Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price lowered by research analysts at Royal Bank of Canada from $100.00 to $90.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 15.77% from the company’s current price.

Other research analysts have also issued reports about the stock. UBS Group decreased their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Piper Sandler increased their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Oppenheimer decreased their price target on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $96.00 to $100.00 in a research note on Tuesday, January 21st. Finally, Scotiabank decreased their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CF Industries presently has an average rating of “Hold” and a consensus price target of $91.14.

CF Industries Trading Down 0.9 %

NYSE:CF opened at $77.74 on Tuesday. The company has a 50-day moving average price of $87.43 and a 200-day moving average price of $85.59. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.37 and a beta of 0.97.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts predict that CF Industries will post 5.83 EPS for the current year.

Insider Buying and Selling

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the transaction, the executive vice president now owns 93,986 shares of the company’s stock, valued at $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,389 shares of company stock valued at $1,455,965. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On CF Industries

Several large investors have recently added to or reduced their stakes in CF. Mizuho Bank Ltd. purchased a new position in CF Industries during the fourth quarter valued at approximately $26,000. Heck Capital Advisors LLC purchased a new position in CF Industries during the fourth quarter valued at approximately $34,000. Brooklyn Investment Group purchased a new position in CF Industries during the third quarter valued at approximately $39,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of CF Industries by 50.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after buying an additional 161 shares in the last quarter. Finally, Asset Planning Inc purchased a new position in shares of CF Industries in the fourth quarter worth $44,000. 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.