CF Industries (NYSE:CF) PT Lowered to $80.00 at Scotiabank

CF Industries (NYSE:CF) had its price objective reduced by analysts at Scotiabank from $86.00 to $80.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price objective indicates a potential upside of 7.30% from the company’s previous close.

A number of other brokerages have also weighed in on CF. Bank of America reissued a “neutral” rating and set a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Wolfe Research initiated coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target for the company. Piper Sandler lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $87.00 to $82.00 in a report on Thursday, February 29th. UBS Group downgraded shares of CF Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Finally, BMO Capital Markets cut their price target on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.44.

CF Industries Price Performance

Shares of NYSE:CF traded up $0.47 on Monday, hitting $74.56. The company had a trading volume of 1,701,191 shares, compared to its average volume of 2,438,906. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The company has a market cap of $14.00 billion, a PE ratio of 12.46, a PEG ratio of 2.11 and a beta of 1.02. CF Industries has a 52-week low of $60.08 and a 52-week high of $87.90. The business has a 50 day moving average of $81.46 and a 200 day moving average of $79.28.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter last year, the company posted $2.85 earnings per share. As a group, equities analysts anticipate that CF Industries will post 5.86 earnings per share for the current fiscal year.

Insider Activity

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

Institutional investors have recently added to or reduced their stakes in the business. Donoghue Forlines LLC boosted its position in CF Industries by 1.9% during the 3rd quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 130 shares during the period. SYSTM Wealth Solutions LLC lifted its stake in CF Industries by 24.0% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 153 shares in the last quarter. Czech National Bank lifted its stake in CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock valued at $2,797,000 after acquiring an additional 153 shares during the last quarter. Wahed Invest LLC grew its position in CF Industries by 4.9% in the fourth quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock worth $261,000 after acquiring an additional 154 shares in the last quarter. Finally, Balentine LLC increased its stake in shares of CF Industries by 5.9% during the 4th quarter. Balentine LLC now owns 2,914 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 162 shares during the last quarter. 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.