Oppenheimer Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price objective cut by equities research analysts at Oppenheimer from $114.00 to $111.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Oppenheimer’s price objective points to a potential upside of 23.86% from the company’s previous close.

Other analysts also recently issued reports about the company. UBS Group upped their target price on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America downgraded CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a research report on Wednesday, October 16th. Piper Sandler increased their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday. Redburn Atlantic initiated coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Finally, Royal Bank of Canada downgraded CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned 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 target price of $92.43.

CF Industries Stock Up 1.7 %

CF stock opened at $89.62 on Tuesday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $15.59 billion, a PE ratio of 14.15, a PEG 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 business’s 50 day simple moving average is $89.22 and its 200 day simple moving average is $83.93.

CF Industries (NYSE:CF) last issued 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. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, research analysts anticipate that CF Industries will post 6.37 EPS for the current year.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $142,500.00. Following the transaction, the executive vice president now owns 93,986 shares in the company, valued at $8,928,670. This trade represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now 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 sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

Hedge funds have recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in shares of CF Industries in the fourth quarter valued at $74,000. Kingsview Wealth Management LLC purchased a new position in shares of CF Industries in the third quarter valued at $3,149,000. AMG National Trust Bank purchased a new position in shares of CF Industries in the third quarter valued at $887,000. Quantinno Capital Management LP lifted its stake in CF Industries by 118.7% during the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after purchasing an additional 8,679 shares during the last quarter. Finally, Swedbank AB lifted its stake in CF Industries by 3.8% during the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock worth $23,269,000 after purchasing an additional 9,815 shares during the last quarter. 93.06% of the stock is currently 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.