CF Industries (NYSE:CF) PT Lowered to $80.00

CF Industries (NYSE:CF) had its target price reduced by stock analysts at Scotiabank from $86.00 to $80.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price target points to a potential upside of 6.68% from the company’s current price. Scotiabank also issued estimates for CF Industries’ Q2 2024 earnings at $2.25 EPS and FY2025 earnings at $6.57 EPS.

A number of other research analysts also recently commented on CF. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research report on Friday, January 12th. Wolfe Research initiated coverage on CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 target price on the stock. Berenberg Bank upped their price objective on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.00 to $83.00 in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company decreased their price target on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.00.

CF Industries Trading Up 0.6 %

NYSE:CF opened at $74.99 on Monday. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The business has a fifty day moving average price of $81.24 and a 200-day moving average price of $79.15. CF Industries has a one year low of $60.08 and a one year high of $87.90.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company’s quarterly revenue was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 EPS. Sell-side analysts forecast that CF Industries will post 5.86 EPS for the current year.

Insider Activity at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its position in CF Industries by 9.5% in the 3rd quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after purchasing an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in CF Industries by 926.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after buying an additional 165,808 shares in the last quarter. Comerica Bank increased its stake in CF Industries by 133.8% during the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after acquiring an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. acquired a new position in CF Industries in the 4th quarter valued at approximately $1,627,000. Finally, Raymond James & Associates lifted its position in shares of CF Industries by 25.4% in the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after acquiring an additional 27,027 shares during the period. 93.06% of the stock is currently 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.