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

CF Industries (NYSE:CF) had its price target dropped by stock analysts at UBS Group from $92.00 to $90.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target indicates a potential upside of 15.54% from the company’s current price.

A number of other brokerages also recently weighed in on CF. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $82.00 to $75.00 in a report on Friday, January 24th. Scotiabank reiterated a “sector underperform” rating and set a $88.00 price target on shares of CF Industries in a report on Friday, January 24th. Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a report on Tuesday, January 21st. Barclays downgraded CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Finally, Piper Sandler lifted their price target on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. 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’s stock. According to data from MarketBeat, CF Industries currently has an average rating of “Hold” and a consensus target price of $92.29.

CF Industries Stock Down 2.9 %

Shares of CF Industries stock opened at $77.90 on Thursday. The stock’s fifty day moving average is $87.91 and its 200-day moving average is $85.50. The firm has a market capitalization of $13.56 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.39 and a beta of 0.98. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. CF Industries has a 12-month low of $69.13 and a 12-month high of $98.25.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. CF Industries had a return on equity of 15.33% and a net margin of 20.52%. Equities analysts anticipate that CF Industries will post 5.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the transaction, the vice president now owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction dated 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 directly owns 62,768 shares of the company’s stock, valued at $5,828,636.48. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,389 shares of company stock valued at $1,455,965 over the last quarter. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Large investors have recently made changes to their positions in the business. Mizuho Bank Ltd. acquired a new position in shares of CF Industries during the 4th quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in CF Industries in the 4th quarter valued at approximately $34,000. Brooklyn Investment Group acquired a new position in CF Industries in the 3rd quarter valued at approximately $39,000. Creative Financial Designs Inc. ADV raised its holdings in CF Industries by 50.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 161 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in CF Industries in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds 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.