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

CF Industries (NYSE:CF) had its price target increased by UBS Group from $91.00 to $92.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

CF has been the subject of several other reports. Piper Sandler raised their target price on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday. Oppenheimer started coverage on CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective on the stock. 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. Bank of America lowered shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a research note on Wednesday, October 16th. Finally, Mizuho raised their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.43.

CF Industries Stock Performance

Shares of NYSE:CF opened at $90.27 on Tuesday. The business’s 50-day simple moving average is $89.27 and its 200 day simple moving average is $84.07. The company has a market cap of $15.71 billion, a P/E ratio of 14.28, a PEG ratio of 0.71 and a beta of 0.98. 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 one year low of $69.13 and a one year high of $98.25.

CF Industries (NYSE:CF) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. On average, sell-side analysts forecast that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Buying and Selling at CF Industries

In related news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the sale, the executive vice president now owns 92,486 shares in the company, valued at $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock worth $2,355,425 over the last ninety days. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of CF Industries during the third quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new position in CF Industries during the 4th quarter worth $34,000. Brooklyn Investment Group bought a new position in shares of CF Industries in the third quarter worth $39,000. Quent Capital LLC increased its holdings in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of CF Industries by 262.6% during the third quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 478 shares in the last quarter. 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.