CF Industries (NYSE:CF) Given New $90.00 Price Target at Royal Bank of Canada

CF Industries (NYSE:CF) had its price objective lowered by Royal Bank of Canada from $100.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 15.14% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. UBS Group decreased their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Piper Sandler lifted their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Bank of America upgraded CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 price target on the stock in a report on Monday. Finally, Scotiabank reduced their price objective on CF Industries from $88.00 to $81.00 and set a “sector underperform” rating for the company in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.14.

CF Industries Stock Performance

CF traded up $0.66 during trading on Tuesday, hitting $78.17. The stock had a trading volume of 770,400 shares, compared to its average volume of 2,487,106. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The company’s 50-day moving average price is $87.73 and its 200 day moving average price is $85.65. The firm has a market capitalization of $13.25 billion, a P/E ratio of 11.55, a PEG ratio of 0.37 and a beta of 0.97.

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

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the completion of the transaction, the vice president now directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,389 shares of company stock worth $1,455,965. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in CF Industries in the 4th quarter valued at about $131,350,000. Ameriprise Financial Inc. boosted its position in shares of CF Industries by 29.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,804,718 shares of the basic materials company’s stock worth $239,299,000 after acquiring an additional 637,784 shares during the last quarter. Victory Capital Management Inc. grew its holdings in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock valued at $359,386,000 after purchasing an additional 549,569 shares during the period. FMR LLC increased its position in CF Industries by 6.6% during the fourth quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock worth $753,429,000 after purchasing an additional 543,876 shares during the last quarter. Finally, Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new position in CF Industries during the fourth quarter worth approximately $37,247,000. 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.