CF Industries (NYSE:CF) Lowered to “Equal Weight” Rating by Barclays

Barclays cut shares of CF Industries (NYSE:CF) from an overweight rating to an equal weight rating in a report published on Tuesday, Marketbeat reports. The brokerage currently has $100.00 target price on the basic materials company’s stock, up from their prior target price of $96.00.

CF has been the topic of a number of other research reports. Mizuho raised their target price 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. Redburn Atlantic assumed coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. 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. Piper Sandler raised shares of CF Industries from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $79.00 to $105.00 in a report on Monday, January 13th. Finally, Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $92.69.

CF Industries Stock Performance

Shares of CF stock opened at $95.22 on Tuesday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.71 and a beta of 0.98. CF Industries has a one year low of $69.13 and a one year high of $98.25. The company’s 50-day simple moving average is $89.17 and its 200-day simple moving average is $83.48. 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 (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts anticipate that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction dated 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 approximately $5,828,636.48. The trade was a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ashraf K. Malik sold 7,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

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

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.