CF Industries (NYSE:CF) Price Target Increased to $69.00 by Analysts at Berenberg Bank

CF Industries (NYSE:CF) had its target price upped by stock analysts at Berenberg Bank from $68.00 to $69.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the basic materials company’s stock. Berenberg Bank’s price objective suggests a potential downside of 13.31% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Wolfe Research started coverage on CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price for the company. Bank of America reaffirmed a “neutral” rating and issued a $88.00 target price (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a report on Friday, February 16th. Piper Sandler cut CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Finally, UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has an average rating of “Hold” and a consensus target price of $87.94.

CF Industries Trading Up 2.3 %

Shares of CF Industries stock opened at $79.59 on Wednesday. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.22 and a beta of 1.03. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90. The company’s fifty day simple moving average is $81.40 and its 200-day simple moving average is $79.77. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last issued its earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.12). The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period last year, the business earned $4.35 earnings per share. As a group, sell-side analysts expect that CF Industries will post 5.85 EPS for the current year.

Insider Activity at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at $5,442,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of CF Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CF Industries by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after purchasing an additional 94,482 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in CF Industries by 34.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company’s stock worth $447,019,000 after purchasing an additional 1,329,677 shares during the last quarter. Geode Capital Management LLC raised its holdings in CF Industries by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 4,662,248 shares of the basic materials company’s stock worth $340,437,000 after purchasing an additional 117,827 shares during the last quarter. Morgan Stanley raised its holdings in CF Industries by 101.0% during the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock worth $342,026,000 after purchasing an additional 2,017,325 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in CF Industries by 4.3% during the 3rd quarter. Northern Trust Corp now owns 3,644,100 shares of the basic materials company’s stock worth $312,445,000 after purchasing an additional 151,148 shares during the last quarter. 93.06% of the stock is owned by 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.