Barclays Issues Pessimistic Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price cut by equities researchers at Barclays from $100.00 to $95.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s target price would indicate a potential upside of 23.94% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Piper Sandler raised their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Oppenheimer lowered their price objective on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 28th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $82.00 to $75.00 in a research report on Friday, January 24th. Royal Bank of Canada lowered their price objective on CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Finally, UBS Group lowered their price objective on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $90.15.

CF Industries Price Performance

CF Industries stock opened at $76.65 on Wednesday. CF Industries has a one year low of $69.13 and a one year high of $98.25. The business has a fifty day moving average price of $86.74 and a 200-day moving average price of $85.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The firm has a market capitalization of $12.99 billion, a P/E ratio of 11.32, a PEG ratio of 0.37 and a beta of 0.99.

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

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the completion of the transaction, the executive vice president now owns 93,986 shares in the company, valued at approximately $8,928,670. This represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,889 shares of company stock worth $1,130,955 over the last 90 days. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

Several large investors have recently modified their holdings of CF. Norges Bank bought a new stake in shares of CF Industries in the fourth quarter worth about $131,350,000. Ameriprise Financial Inc. grew its stake in shares of CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after purchasing an additional 637,784 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after purchasing an additional 549,569 shares during the last quarter. FMR LLC grew its stake in shares of CF Industries by 6.6% in the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after purchasing an additional 543,876 shares during the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in shares of CF Industries in the fourth quarter worth about $37,247,000. 93.06% of the stock is owned by institutional investors.

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.