UBS Group Boosts CF Industries (NYSE:CF) Price Target to $140.00

CF Industries (NYSE:CF) had its price target increased by equities researchers at UBS Group from $97.00 to $140.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s target price indicates a potential upside of 2.59% from the stock’s previous close.

A number of other research firms have also commented on CF. JPMorgan Chase & Co. raised their price objective on shares of CF Industries from $80.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Royal Bank Of Canada upped their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. BMO Capital Markets upped their price target on shares of CF Industries from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Finally, BNP Paribas Exane increased their price objective on CF Industries from $90.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.60.

CF Industries Stock Performance

NYSE:CF opened at $136.46 on Thursday. The business’s fifty day moving average is $104.62 and its 200 day moving average is $90.43. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 15.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.93 and a current ratio of 3.37. CF Industries has a 52-week low of $67.34 and a 52-week high of $137.44.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.53 by $0.06. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.78 billion. CF Industries had a return on equity of 19.84% and a net margin of 20.54%.The firm’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.89 EPS. Research analysts predict that CF Industries will post 5.83 EPS for the current year.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 18,041 shares of CF Industries stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $136.06, for a total transaction of $2,454,658.46. Following the completion of the sale, the executive vice president directly owned 55,762 shares of the company’s stock, valued at approximately $7,586,977.72. The trade was a 24.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bert A. Frost sold 10,000 shares of CF Industries stock in a transaction on Friday, March 6th. The stock was sold at an average price of $119.01, for a total transaction of $1,190,100.00. Following the sale, the executive vice president directly owned 87,256 shares of the company’s stock, valued at $10,384,336.56. This represents a 10.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 82,408 shares of company stock worth $9,971,298 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

A number of large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of CF Industries by 78.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 292 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of CF Industries by 396.2% during the 3rd quarter. True Wealth Design LLC now owns 387 shares of the basic materials company’s stock valued at $35,000 after buying an additional 309 shares in the last quarter. Eastern Bank bought a new stake in CF Industries in the 3rd quarter worth approximately $35,000. Peterson Wealth Services lifted its position in CF Industries by 451.3% in the 3rd quarter. Peterson Wealth Services now owns 441 shares of the basic materials company’s stock worth $40,000 after buying an additional 361 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in CF Industries in the third quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.