CF Industries (NYSE:CF) Receives “Sector Underperform” Rating from Scotiabank

CF Industries (NYSE:CF)‘s stock had its “sector underperform” rating reissued by stock analysts at Scotiabank in a report issued on Friday,Benzinga reports. They presently have a $88.00 price target on the basic materials company’s stock. Scotiabank’s target price indicates a potential downside of 1.53% from the stock’s current price.

Several other research firms also recently commented on CF. JPMorgan Chase & Co. downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $82.00 to $75.00 in a research note on Friday. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Royal Bank of Canada downgraded shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Tuesday. Piper Sandler upgraded shares of CF Industries from an “underweight” rating to an “overweight” rating and upped their price target for the company from $79.00 to $105.00 in a research note on Monday, January 13th. Finally, Mizuho increased their price objective on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and an average target price of $91.43.

CF Industries Stock Performance

NYSE CF traded down $5.87 on Friday, hitting $89.37. 1,210,517 shares of the stock were exchanged, compared to its average volume of 1,906,668. 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 business’s fifty day moving average is $89.17 and its 200 day moving average is $83.48. CF Industries has a 52 week low of $69.13 and a 52 week high of $98.25. The company has a market capitalization of $15.55 billion, a PE ratio of 14.15, a P/E/G ratio of 0.71 and a beta of 0.98.

CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion for 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 firm earned $0.85 earnings per share. Research analysts anticipate that CF Industries will post 6.37 EPS for the current fiscal year.

Insider Transactions at CF Industries

In related news, EVP Susan L. Menzel sold 3,500 shares of CF Industries stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now owns 62,768 shares of the company’s stock, valued at $5,828,636.48. This trade represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of CF Industries stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,389 shares of company stock worth $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of large investors have recently bought and sold shares of the stock. Brooklyn Investment Group grew its holdings in CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 122 shares during the period. Ballentine Partners LLC grew its holdings in shares of CF Industries by 2.3% during the fourth quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock valued at $482,000 after buying an additional 127 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of CF Industries by 4.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock valued at $247,000 after buying an additional 135 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CF Industries by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 23,353 shares of the basic materials company’s stock valued at $2,004,000 after buying an additional 179 shares during the last quarter. Finally, 3Chopt Investment Partners LLC grew its holdings in shares of CF Industries by 2.4% during the second quarter. 3Chopt Investment Partners LLC now owns 10,410 shares of the basic materials company’s stock valued at $772,000 after buying an additional 242 shares during the last quarter. 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.