Piper Sandler Increases CF Industries (NYSE:CF) Price Target to $115.00

CF Industries (NYSE:CF) had its target price lifted by investment analysts at Piper Sandler from $105.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Piper Sandler’s target price would suggest a potential upside of 29.33% from the company’s current price.

Several other equities research analysts have also recently weighed in on CF. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research note on Tuesday, January 21st. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $82.00 to $75.00 in a research report on Friday. Oppenheimer initiated coverage on CF Industries in a research report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 target price on the stock. Bank of America cut shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price for the company. in a report on Wednesday, October 16th. Finally, Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $96.00 to $100.00 in a report on Tuesday, January 21st. Three investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $92.14.

CF Industries Stock Performance

NYSE:CF opened at $88.92 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.71 and a beta of 0.98. The stock has a fifty day moving average price of $89.19 and a 200-day moving average price of $83.80.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, equities analysts anticipate that CF Industries will post 6.37 EPS for the current fiscal year.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,000 shares of CF Industries stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $90.78, for a total value of $635,460.00. Following the completion of the transaction, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the sale, the executive vice president now owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. The trade was a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock worth $2,355,425 over the last ninety days. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new stake in shares of CF Industries in the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC bought a new position in CF Industries in the fourth quarter worth approximately $34,000. Brooklyn Investment Group bought a new position in CF Industries in the third quarter worth approximately $39,000. Quent Capital LLC grew its stake in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 284 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in shares of CF Industries during the second quarter valued at approximately $50,000. 93.06% of the stock is owned by institutional investors.

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.