CF Industries (NYSE:CF) Now Covered by Analysts at The Goldman Sachs Group

Equities researchers at The Goldman Sachs Group initiated coverage on shares of CF Industries (NYSE:CF) in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $86.00 price target on the basic materials company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 10.54% from the company’s current price.

A number of other equities analysts have also recently weighed in on CF. Piper Sandler upped their price target on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. UBS Group decreased their price target on CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target for the company in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, Barclays reduced their target price on CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.86.

CF Industries Trading Up 1.3 %

NYSE CF opened at $77.80 on Thursday. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The company has a 50-day moving average of $85.97 and a 200-day moving average of $85.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.08 and a quick ratio of 2.52. The company has a market cap of $13.19 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.37 and a beta of 0.99.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. As a group, equities analysts predict that CF Industries will post 5.83 earnings per share for the current year.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the transaction, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,889 shares of company stock valued at $1,130,955. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC bought a new position in CF Industries during the fourth quarter valued at about $296,000. Siemens Fonds Invest GmbH bought a new position in CF Industries during the fourth quarter valued at about $397,000. Total Wealth Planning & Management Inc. bought a new position in CF Industries during the fourth quarter valued at about $417,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in CF Industries during the fourth quarter valued at about $15,832,000. Finally, Brooklyn FI LLC bought a new position in CF Industries during the fourth quarter valued at about $437,000. Institutional investors own 93.06% of the company’s stock.

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.