CF Industries (NYSE:CF) Upgraded to Neutral at Bank of America

CF Industries (NYSE:CF) was upgraded by research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a $84.00 price target on the basic materials company’s stock. Bank of America‘s price target would suggest a potential upside of 7.83% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Piper Sandler raised their price objective on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Barclays downgraded 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 research note on Tuesday, January 21st. UBS Group decreased their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Tuesday, January 21st. Finally, Oppenheimer reduced their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.36.

CF Industries Trading Down 2.9 %

Shares of CF stock opened at $77.90 on Monday. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The company has a current ratio of 3.08, a quick ratio of 2.52 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $87.91 and its two-hundred day moving average is $85.67. The company has a market capitalization of $13.56 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts forecast that CF Industries will post 5.83 EPS for the current year.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total value of $144,000.00. Following the completion of the transaction, the executive vice president now directly owns 92,486 shares in the company, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,389 shares of company stock worth $1,455,965. Corporate insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of CF Industries in the 4th quarter valued at $131,350,000. Ameriprise Financial Inc. raised its position in shares of CF Industries by 29.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after buying an additional 637,784 shares during the period. Victory Capital Management Inc. boosted its holdings in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after acquiring an additional 549,569 shares during the last quarter. FMR LLC grew its position in CF Industries by 6.6% during the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock valued at $753,429,000 after acquiring an additional 543,876 shares during the period. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new stake in CF Industries during the fourth quarter worth about $37,247,000. 93.06% of the stock is currently owned by hedge funds and other 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.