Piper Sandler Upgrades CF Industries (NYSE:CF) to “Overweight”

CF Industries (NYSE:CF) was upgraded by equities researchers at Piper Sandler from an “underweight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a $105.00 price target on the basic materials company’s stock, up from their previous price target of $79.00. Piper Sandler’s target price indicates a potential upside of 10.57% from the stock’s previous close.

A number of other brokerages also recently issued reports on CF. Oppenheimer began coverage on CF Industries in a research report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective on the stock. Royal Bank of Canada raised their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 target price on the stock. in a research note on Wednesday, October 16th. Finally, Barclays lifted their price target on shares of CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, CF Industries currently has an average rating of “Hold” and an average price target of $92.38.

CF Industries Stock Down 0.6 %

NYSE CF opened at $94.96 on Monday. The stock has a 50 day moving average price of $87.43 and a 200-day moving average price of $82.28. CF Industries has a one year low of $69.13 and a one year high of $95.72. The company has a market capitalization of $16.52 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.37 and a beta of 0.98. 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 issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations 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 was up 7.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. As a group, equities analysts predict that CF Industries will post 6.32 EPS for the current fiscal year.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president now owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the completion of the sale, the vice president now directly owns 15,871 shares of the company’s stock, valued at approximately $1,507,745. This trade represents a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,889 shares of company stock valued at $2,211,425. 0.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division purchased a new position in shares of CF Industries in the 4th quarter valued at $74,000. Kingsview Wealth Management LLC bought a new stake in CF Industries during the third quarter valued at about $3,149,000. AMG National Trust Bank purchased a new position in CF Industries in the third quarter valued at about $887,000. Quantinno Capital Management LP raised its holdings in CF Industries by 118.7% in the third quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock worth $1,372,000 after purchasing an additional 8,679 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of CF Industries by 3.8% during the third quarter. Swedbank AB now owns 271,198 shares of the basic materials company’s stock valued at $23,269,000 after buying an additional 9,815 shares during the last quarter. 93.06% of the stock is owned by hedge funds and other 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.