CF Industries (NYSE:CF) Price Target Raised to $96.00 at Barclays

CF Industries (NYSE:CF) had its price objective raised by Barclays from $90.00 to $96.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price target would indicate a potential upside of 9.33% from the stock’s previous close.

CF has been the topic of a number of other research reports. UBS Group boosted their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. BMO Capital Markets boosted their price objective on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Mizuho boosted their price objective on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America boosted their price objective on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada lifted their target price on CF Industries from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.64.

CF Industries Price Performance

Shares of CF Industries stock opened at $87.81 on Friday. CF Industries has a twelve month low of $69.13 and a twelve month high of $90.86. The stock has a market capitalization of $15.84 billion, a P/E ratio of 15.62, a PEG ratio of 2.49 and a beta of 0.95. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $81.84 and its 200 day moving average price is $78.22.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. As a group, research analysts anticipate that CF Industries will post 5.84 earnings per share for the current year.

Insider Activity at CF Industries

In related news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CF Industries

Several institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. acquired a new position in shares of CF Industries during the first quarter worth approximately $25,000. Quent Capital LLC boosted its position in shares of CF Industries by 132.1% during the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after buying an additional 284 shares during the period. UMB Bank n.a. boosted its position in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after buying an additional 191 shares during the period. Kimelman & Baird LLC acquired a new position in shares of CF Industries during the second quarter worth approximately $50,000. Finally, nVerses Capital LLC boosted its position in shares of CF Industries by 250.0% during the second quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after buying an additional 500 shares during the period. 93.06% of the stock is owned by institutional investors.

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.