CF Industries Holdings, Inc. (NYSE:CF) Given Average Rating of “Hold” by Analysts

CF Industries Holdings, Inc. (NYSE:CF) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $92.38.

CF has been the topic of several research analyst reports. Redburn Atlantic began coverage on CF Industries in a research report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price objective on the stock. Piper Sandler raised CF Industries from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $79.00 to $105.00 in a report on Monday, January 13th. Oppenheimer initiated coverage on shares of CF Industries in a report on Thursday, December 12th. They set an “outperform” rating and a $114.00 price objective for the company. Royal Bank of Canada boosted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th.

CF Industries Trading Down 0.2 %

Shares of CF Industries stock opened at $97.01 on Monday. CF Industries has a 1-year low of $69.13 and a 1-year high of $98.25. The company’s fifty day simple moving average is $88.39 and its 200-day simple moving average is $82.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. The stock has a market capitalization of $16.88 billion, a PE ratio of 15.35, a P/E/G ratio of 0.69 and a beta of 0.98.

CF Industries (NYSE:CF) last posted its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts anticipate that CF Industries will post 6.38 earnings per share for the current year.

Insider Activity

In other news, VP Ashraf K. Malik sold 8,889 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $95.00, for a total value of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the sale, the executive vice president now directly owns 103,155 shares in the company, valued at approximately $9,077,640. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,389 shares of company stock valued at $2,355,425 in the last ninety days. Insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

A number of hedge funds have recently added to or reduced their stakes in CF. Acadian Asset Management LLC purchased a new stake in shares of CF Industries during the 2nd quarter worth about $703,000. Choreo LLC boosted its position in CF Industries by 24.5% during the second quarter. Choreo LLC now owns 7,270 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 1,430 shares in the last quarter. American Century Companies Inc. boosted its position in CF Industries by 15.5% during the second quarter. American Century Companies Inc. now owns 276,289 shares of the basic materials company’s stock worth $20,479,000 after purchasing an additional 37,011 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in CF Industries by 32.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,063 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 1,502 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of CF Industries by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock valued at $20,800,000 after buying an additional 21,766 shares in the last quarter. 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.