CF Industries (NYSE:CF) Rating Reiterated by Bank of America

CF Industries (NYSE:CF)‘s stock had its “neutral” rating reaffirmed by equities researchers at Bank of America in a note issued to investors on Wednesday, Marketbeat reports. They currently have a $88.00 price target on the basic materials company’s stock, down from their prior price target of $96.00. Bank of America‘s target price points to a potential upside of 8.82% from the stock’s previous close.

A number of other research analysts also recently issued reports on CF. Piper Sandler downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $87.00 to $82.00 in a research report on Thursday, February 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a research report on Friday, February 16th. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research report on Friday, January 12th. UBS Group downgraded shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company dropped their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $89.20.

CF Industries Trading Down 0.0 %

NYSE:CF opened at $80.87 on Wednesday. The firm’s fifty day moving average is $81.21 and its 200-day moving average is $80.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. CF Industries has a 52 week low of $60.08 and a 52 week high of $87.90. The firm has a market cap of $15.18 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.30 and a beta of 1.03.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $4.35 earnings per share. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. Equities analysts expect that CF Industries will post 5.79 earnings per share for the current year.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at $5,442,550. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently bought and sold shares of CF. Norges Bank purchased a new stake in CF Industries in the fourth quarter valued at approximately $193,145,000. Morgan Stanley raised its stake in CF Industries by 101.0% in the fourth quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock valued at $342,026,000 after purchasing an additional 2,017,325 shares in the last quarter. First Trust Advisors LP raised its stake in CF Industries by 221.8% in the first quarter. First Trust Advisors LP now owns 2,825,115 shares of the basic materials company’s stock valued at $204,793,000 after purchasing an additional 1,947,268 shares in the last quarter. Boston Partners purchased a new stake in CF Industries in the third quarter valued at approximately $160,475,000. Finally, Bank of New York Mellon Corp raised its stake in CF Industries by 34.2% in the third quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock valued at $447,019,000 after purchasing an additional 1,329,677 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.