CF Industries (NYSE:CF) Research Coverage Started at Redburn Atlantic

Research analysts at Redburn Atlantic initiated coverage on shares of CF Industries (NYSE:CF) in a report released on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $77.00 price target on the basic materials company’s stock. Redburn Atlantic’s price target would indicate a potential downside of 10.24% from the stock’s current price.

Several other equities analysts also recently weighed in on CF. Mizuho lifted their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Scotiabank lifted their price target on shares of CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. UBS Group lifted their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Wells Fargo & Company lifted their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets lifted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.67.

CF Industries Stock Performance

Shares of NYSE CF opened at $85.78 on Friday. The firm’s 50-day moving average price is $82.70 and its 200-day moving average price is $78.33. The company has a quick ratio of 4.19, a current ratio of 4.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $15.68 billion, a PE ratio of 14.25, a PEG ratio of 2.49 and a beta of 0.95. CF Industries has a 52-week low of $69.13 and a 52-week high of $90.86.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a net margin of 17.87% and a return on equity of 12.96%. The firm’s revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.70 earnings per share. As a group, analysts anticipate that CF Industries will post 5.84 EPS for the current year.

Insider Buying and Selling

In related news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Ashraf K. Malik sold 7,201 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the sale, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CF Industries

Several large investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new position in CF Industries during the first quarter worth $25,000. Wolff Wiese Magana LLC purchased a new position in CF Industries during the third quarter worth $28,000. Quent Capital LLC boosted its stake in CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares during the period. UMB Bank n.a. boosted its stake in CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after buying an additional 191 shares during the period. Finally, Kimelman & Baird LLC purchased a new position in CF Industries during the second quarter worth $50,000. Institutional investors own 93.06% of the company’s stock.

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.