UBS Group Issues Pessimistic Forecast for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its price target lowered by UBS Group from $92.00 to $90.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective points to a potential upside of 11.17% from the stock’s previous close.

Several other research analysts have also commented on the company. Oppenheimer lowered their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $82.00 to $75.00 in a research report on Friday, January 24th. Finally, Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $96.00 to $100.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.29.

CF Industries Trading Down 3.4 %

Shares of NYSE:CF traded down $2.86 during midday trading on Thursday, reaching $80.95. 593,049 shares of the company’s stock were exchanged, compared to its average volume of 2,345,589. The firm’s 50 day simple moving average is $88.34 and its two-hundred day simple moving average is $85.50. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 0.39 and a beta of 0.98.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. As a group, sell-side analysts forecast that CF Industries will post 6.31 EPS for the current fiscal year.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the company’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 $142,500.00. Following the transaction, the executive vice president now directly owns 93,986 shares in the company, valued at $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,389 shares of company stock valued at $1,455,965 in the last three months. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of CF Industries

A number of hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC bought a new stake in CF Industries in the third quarter valued at about $232,000. Raymond James & Associates grew its stake in shares of CF Industries by 7.6% in the 3rd quarter. Raymond James & Associates now owns 143,050 shares of the basic materials company’s stock valued at $12,274,000 after purchasing an additional 10,092 shares during the period. Heartland Bank & Trust Co acquired a new position in shares of CF Industries in the 3rd quarter worth approximately $215,000. International Assets Investment Management LLC boosted its stake in CF Industries by 7,617.5% in the 3rd quarter. International Assets Investment Management LLC now owns 437,580 shares of the basic materials company’s stock valued at $375,440,000 after buying an additional 431,910 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of CF Industries by 5.2% in the 3rd quarter. Ballentine Partners LLC now owns 5,519 shares of the basic materials company’s stock valued at $474,000 after purchasing an additional 275 shares in 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.