CF Industries (NYSE:CF) Cut to “Equal Weight” at Barclays

Barclays lowered shares of CF Industries (NYSE:CF) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have $100.00 target price on the basic materials company’s stock, up from their previous target price of $96.00.

A number of other equities analysts have also recently issued reports on CF. Oppenheimer initiated coverage on CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective for the company. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 24th. Piper Sandler raised shares of CF Industries from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $79.00 to $105.00 in a report on Monday, January 13th. Mizuho raised their target price on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a report on Wednesday, October 16th. One 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’s stock. According to MarketBeat.com, CF Industries presently has an average rating of “Hold” and an average price target of $92.69.

CF Industries Stock Performance

Shares of CF Industries stock opened at $95.22 on Tuesday. The firm has a market capitalization of $16.57 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.71 and a beta of 0.98. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries has a 12 month low of $69.13 and a 12 month high of $98.25. The business has a fifty day simple moving average of $89.17 and a two-hundred day simple moving average of $83.48.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.85 EPS. On average, equities analysts forecast that CF Industries will post 6.37 earnings per share for the current fiscal year.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares of the company’s stock, valued at $8,878,656. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,389 shares of company stock worth $2,355,425. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its position in CF Industries by 26.9% during the 4th quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares during the period. Ballentine Partners LLC raised its stake in shares of CF Industries by 2.3% during the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 127 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of CF Industries by 4.9% in the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after purchasing an additional 135 shares during the period. PNC Financial Services Group Inc. increased its stake in CF Industries by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock worth $2,004,000 after buying an additional 179 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its position in CF Industries by 2.4% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 10,410 shares of the basic materials company’s stock valued at $772,000 after buying an additional 242 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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.