Scotiabank Upgrades CF Industries (NYSE:CF) to “Sector Perform”

CF Industries (NYSE:CF) was upgraded by stock analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a report released on Wednesday,Benzinga reports. The firm currently has a $81.00 price objective on the basic materials company’s stock. Scotiabank’s price target would indicate a potential upside of 18.60% from the stock’s current price.

Other analysts have also issued research reports about the company. Piper Sandler upped their target price on CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $82.00 to $75.00 in a report on Friday, January 24th. UBS Group lowered their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Barclays cut their price target on shares of CF Industries from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.86.

CF Industries Price Performance

Shares of CF opened at $68.30 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries has a twelve month low of $65.11 and a twelve month high of $98.25. The stock has a market capitalization of $11.58 billion, a P/E ratio of 10.09, a P/E/G ratio of 0.37 and a beta of 0.84. The company has a 50 day moving average of $79.68 and a 200-day moving average of $84.79.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts forecast that CF Industries will post 5.83 EPS for the current fiscal year.

Insider Transactions at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Susan L. Menzel sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total value of $144,000.00. Following the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at approximately $8,878,656. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,889 shares of company stock valued at $1,130,955. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Checchi Capital Advisers LLC increased its holdings in CF Industries by 4.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 2,592 shares of the basic materials company’s stock valued at $221,000 after buying an additional 108 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of CF Industries by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,805 shares of the basic materials company’s stock worth $495,000 after acquiring an additional 120 shares in the last quarter. Brooklyn Investment Group increased its stake in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in CF Industries by 1.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 7,050 shares of the basic materials company’s stock valued at $602,000 after purchasing an additional 126 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in CF Industries by 4.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,009 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 126 shares during the last quarter. 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.