CF Industries (NYSE:CF) Price Target Lowered to $120.00 at BNP Paribas Exane

CF Industries (NYSE:CF) had its price target decreased by BNP Paribas Exane from $140.00 to $120.00 in a report issued on Monday,MarketScreener reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 13.25% from the company’s previous close.

Several other research analysts have also commented on the stock. Royal Bank Of Canada increased their price target on shares of CF Industries from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Berenberg Bank increased their target price on shares of CF Industries from $86.00 to $106.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. Bank of America raised their target price on CF Industries from $103.00 to $106.00 in a report on Thursday, May 14th. Finally, Scotiabank boosted their price target on CF Industries from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $117.75.

CF Industries Stock Down 3.2%

CF opened at $105.96 on Monday. The company has a market capitalization of $16.28 billion, a PE ratio of 9.47 and a beta of 0.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15. CF Industries has a fifty-two week low of $75.42 and a fifty-two week high of $141.96. The business has a 50-day moving average of $120.54 and a 200-day moving average of $103.84.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $1.35. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.84 billion. CF Industries had a return on equity of 20.93% and a net margin of 23.73%.The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 earnings per share. Equities research analysts forecast that CF Industries will post 15.84 EPS for the current fiscal year.

Insider Activity at CF Industries

In related news, VP Richard A. Hoker sold 3,499 shares of CF Industries stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $125.38, for a total transaction of $438,704.62. Following the sale, the vice president directly owned 31,036 shares of the company’s stock, valued at $3,891,293.68. This trade represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Erik M. Mayer sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $124.69, for a total value of $187,035.00. Following the transaction, the vice president owned 6,341 shares in the company, valued at $790,659.29. This represents a 19.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,999 shares of company stock worth $1,381,740. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CF. Assetmark Inc. grew its holdings in CF Industries by 878.2% during the third quarter. Assetmark Inc. now owns 17,941 shares of the basic materials company’s stock valued at $1,609,000 after purchasing an additional 16,107 shares during the period. Van ECK Associates Corp grew its stake in shares of CF Industries by 19.8% in the third quarter. Van ECK Associates Corp now owns 369,321 shares of the basic materials company’s stock valued at $33,128,000 after buying an additional 61,140 shares in the last quarter. KBC Group NV increased its holdings in CF Industries by 26.9% during the fourth quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock worth $90,501,000 after buying an additional 248,020 shares during the last quarter. AIA Group Ltd bought a new stake in CF Industries during the third quarter worth $376,000. Finally, BDF Gestion bought a new stake in CF Industries during the fourth quarter worth $1,779,000. 93.06% of the stock is owned by institutional investors.

About CF Industries

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.