CF Industries (NYSE:CF) Trading 4.3% Higher – What’s Next?

CF Industries Holdings, Inc. (NYSE:CF) shot up 4.3% during mid-day trading on Monday . The company traded as high as $93.71 and last traded at $92.56. 258,796 shares changed hands during trading, a decline of 83% from the average session volume of 1,528,398 shares. The stock had previously closed at $88.76.

Wall Street Analysts Forecast Growth

CF has been the topic of several recent research reports. Redburn Atlantic began coverage on shares of CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. Wells Fargo & Company lifted their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Mizuho increased their price target on CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Oppenheimer assumed coverage on shares of CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective on the stock. Finally, Piper Sandler upgraded shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their target price for the company from $79.00 to $105.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $92.38.

CF Industries Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company’s 50 day moving average price is $87.25 and its 200-day moving average price is $82.14. The company has a market cap of $16.56 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. CF Industries’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that CF Industries Holdings, Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total value of $325,010.00. Following the sale, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This trade represents a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,500 shares of company stock worth $1,224,470. 0.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

Several large investors have recently added to or reduced their stakes in CF. Victory Capital Management Inc. lifted its holdings in shares of CF Industries by 15.1% during the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of CF Industries by 7,617.5% during 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 purchasing an additional 431,910 shares during the last quarter. Barclays PLC lifted its position in CF Industries by 68.9% in the 3rd quarter. Barclays PLC now owns 737,352 shares of the basic materials company’s stock worth $63,263,000 after buying an additional 300,873 shares during the last quarter. FMR LLC boosted its stake in CF Industries by 3.8% in the third quarter. FMR LLC now owns 8,286,745 shares of the basic materials company’s stock worth $711,003,000 after buying an additional 300,050 shares in the last quarter. Finally, Yaupon Capital Management LP bought a new position in CF Industries during the third quarter valued at approximately $17,437,000. Institutional investors own 93.06% of the company’s stock.

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.