CF Industries (NYSE:CF) had its price target upped by research analysts at Stifel Nicolaus from $46.00 to $49.00 in a report issued on Thursday, Stock Target Advisor reports. The firm currently has a “hold” rating on the basic materials company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 4.95% from the stock’s previous close.
Several other research firms also recently issued reports on CF. JPMorgan Chase & Co. lifted their price target on CF Industries from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Citigroup set a $57.00 price target on CF Industries and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Cowen lifted their price target on CF Industries from $59.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Rowe lifted their price target on CF Industries from $56.00 to $66.00 and gave the stock a “positive” rating in a research note on Tuesday, August 6th. Finally, UBS Group lifted their price target on CF Industries from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. CF Industries presently has a consensus rating of “Hold” and a consensus price target of $50.89.
Shares of NYSE:CF traded up $0.06 during midday trading on Thursday, hitting $46.69. 76,272 shares of the stock were exchanged, compared to its average volume of 2,288,177. The stock has a market cap of $10.38 billion, a P/E ratio of 37.65, a PEG ratio of 3.31 and a beta of 0.95. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 0.74. CF Industries has a twelve month low of $38.90 and a twelve month high of $55.15. The company has a 50 day moving average price of $48.09 and a 200-day moving average price of $46.57.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.06). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. On average, equities research analysts expect that CF Industries will post 2.4 earnings per share for the current year.
In related news, VP Bert A. Frost sold 21,000 shares of CF Industries stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.21, for a total transaction of $1,012,410.00. Following the completion of the sale, the vice president now owns 103,072 shares in the company, valued at approximately $4,969,101.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dennis P. Kelleher sold 95,243 shares of CF Industries stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $48.21, for a total value of $4,591,665.03. Following the sale, the chief financial officer now owns 136,117 shares of the company’s stock, valued at approximately $6,562,200.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,743 shares of company stock valued at $5,770,325. 2.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. purchased a new stake in CF Industries in the 3rd quarter valued at about $30,000. Parallel Advisors LLC grew its holdings in CF Industries by 103.7% in the 3rd quarter. Parallel Advisors LLC now owns 725 shares of the basic materials company’s stock valued at $36,000 after buying an additional 369 shares during the period. CSat Investment Advisory L.P. grew its holdings in CF Industries by 27.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock valued at $47,000 after buying an additional 218 shares during the period. Ibex Wealth Advisors purchased a new stake in CF Industries in the 2nd quarter valued at about $51,000. Finally, B & T Capital Management DBA Alpha Capital Management purchased a new stake in CF Industries in the 3rd quarter valued at about $60,000. Institutional investors own 92.79% of the company’s stock.
About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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