Piper Sandler Forecasts Strong Price Appreciation for CF Industries (NYSE:CF) Stock

CF Industries (NYSE:CF) had its price target increased by research analysts at Piper Sandler from $77.00 to $79.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the basic materials company’s stock. Piper Sandler’s target price would indicate a potential downside of 6.31% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. UBS Group upped their price objective on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Redburn Atlantic began coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 target price for the company. Scotiabank boosted their target price on CF Industries from $80.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Barclays boosted their target price on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, BMO Capital Markets boosted their target price on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $88.42.

CF Industries Trading Down 0.4 %

NYSE:CF opened at $84.32 on Friday. The stock has a 50-day simple moving average of $83.57 and a 200-day simple moving average of $78.61. The stock has a market cap of $14.67 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.37 and a beta of 0.97. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. 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 released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 14.57% and a net margin of 19.45%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. As a group, analysts anticipate that CF Industries will post 6.07 earnings per share for the current fiscal year.

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the sale, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On CF Industries

A number of large investors have recently modified their holdings of CF. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of CF Industries in the 3rd quarter worth approximately $1,678,000. Prospera Financial Services Inc grew its holdings in shares of CF Industries by 26.4% in the 3rd quarter. Prospera Financial Services Inc now owns 18,485 shares of the basic materials company’s stock worth $1,586,000 after acquiring an additional 3,857 shares during the period. Pathstone Holdings LLC grew its holdings in shares of CF Industries by 12.2% in the 3rd quarter. Pathstone Holdings LLC now owns 17,133 shares of the basic materials company’s stock worth $1,470,000 after acquiring an additional 1,860 shares during the period. Quest Partners LLC acquired a new stake in shares of CF Industries in the 3rd quarter worth approximately $410,000. Finally, AMG National Trust Bank acquired a new stake in shares of CF Industries in the 3rd quarter worth approximately $887,000. 93.06% of the stock is owned by hedge funds and other 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.