CF Industries (NYSE:CF) PT Raised to $49.00

CF Industries (NYSE:CF) had its target price hoisted by analysts at Stifel Nicolaus from $46.00 to $49.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “hold” rating on the basic materials company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 5.08% from the company’s current price.

Several other equities analysts have also commented on the stock. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating in a report on Monday, August 5th. Consumer Edge assumed coverage on shares of CF Industries in a research note on Monday, September 23rd. They set an “overweight” rating on the stock. Rowe upped their target price on shares of CF Industries from $56.00 to $66.00 and gave the stock a “positive” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of CF Industries from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Monday, November 4th. Finally, Barclays set a $52.00 target price on shares of CF Industries and gave the stock a “hold” rating in a research note on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CF Industries has a consensus rating of “Hold” and a consensus target price of $50.89.

Shares of CF stock remained flat at $$46.63 during trading hours on Thursday. 1,795,100 shares of the stock traded hands, compared to its average volume of 2,438,803. The business’s fifty day moving average is $48.01 and its two-hundred day moving average is $46.58. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.74. CF Industries has a 52-week low of $38.90 and a 52-week high of $55.15. The firm has a market capitalization of $10.38 billion, a PE ratio of 37.60, a PEG ratio of 3.31 and a beta of 0.95.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.06). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that CF Industries will post 2.4 earnings per share for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other CF Industries news, CFO Dennis P. Kelleher sold 95,243 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $48.21, for a total value of $4,591,665.03. Following the sale, the chief financial officer now directly owns 136,117 shares of the company’s stock, valued at approximately $6,562,200.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. Following the completion of the sale, the director now directly owns 49,187 shares in the company, valued at $2,336,382.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,743 shares of company stock worth $5,770,325. 2.00% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its position in shares of CF Industries by 24.6% in the 3rd quarter. Cetera Investment Advisers now owns 6,865 shares of the basic materials company’s stock valued at $340,000 after purchasing an additional 1,356 shares during the last quarter. Insight Wealth Strategies LLC grew its position in shares of CF Industries by 8.0% in the 3rd quarter. Insight Wealth Strategies LLC now owns 9,845 shares of the basic materials company’s stock valued at $484,000 after buying an additional 733 shares during the last quarter. Rational Advisors LLC grew its position in shares of CF Industries by 446.4% in the 3rd quarter. Rational Advisors LLC now owns 1,803 shares of the basic materials company’s stock valued at $89,000 after buying an additional 1,473 shares during the last quarter. Banco Santander S.A. grew its position in shares of CF Industries by 31.6% in the 3rd quarter. Banco Santander S.A. now owns 8,241 shares of the basic materials company’s stock valued at $405,000 after buying an additional 1,977 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new position in shares of CF Industries in the 3rd quarter valued at $74,000. 92.79% of the stock is currently owned by institutional investors.

CF Industries Company Profile

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

Featured Article: Should I follow buy, hold and sell recommendations?

Stock Target Advisor

Analyst Recommendations for CF Industries (NYSE:CF)

Leave a Reply

Your email address will not be published. Required fields are marked *

*