CF Industries (NYSE:CF) Stock Rating Upgraded by Bank of America

CF Industries (NYSE:CF) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a $84.00 price target on the basic materials company’s stock. Bank of America‘s target price would suggest a potential upside of 7.14% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $82.00 to $75.00 in a report on Friday, January 24th. Piper Sandler upped their target price on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Oppenheimer decreased their price target on CF Industries from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada cut CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. Finally, Scotiabank reissued a “sector underperform” rating and issued a $88.00 price target on shares of CF Industries in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $91.14.

CF Industries Trading Up 1.2 %

Shares of NYSE:CF opened at $78.40 on Monday. The stock’s 50-day simple moving average is $87.57 and its two-hundred day simple moving average is $85.64. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.37 and a beta of 0.97. CF Industries has a 52-week low of $69.13 and a 52-week 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.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. CF Industries had a net margin of 20.52% and a return on equity of 15.50%. Analysts expect that CF Industries will post 5.83 EPS for the current year.

Insider Buying and Selling at CF Industries

In other news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $95.00, for a total transaction of $142,500.00. Following the completion of the sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. The trade was a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ashraf K. Malik sold 8,889 shares of the firm’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 transaction, the vice president now owns 15,871 shares in the company, valued at $1,507,745. The trade was a 35.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock worth $1,455,965 over the last quarter. Insiders own 0.48% of the company’s stock.

Institutional Trading of CF Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in CF Industries by 6.6% during the 4th quarter. FMR LLC now owns 8,830,621 shares of the basic materials company’s stock valued at $753,429,000 after purchasing an additional 543,876 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in CF Industries by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,792,339 shares of the basic materials company’s stock worth $494,202,000 after buying an additional 225,109 shares during the period. Victory Capital Management Inc. increased its holdings in shares of CF Industries by 7.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,487,821 shares of the basic materials company’s stock valued at $382,901,000 after acquiring an additional 299,173 shares during the period. First Trust Advisors LP raised its position in shares of CF Industries by 3.5% in the 4th quarter. First Trust Advisors LP now owns 4,425,518 shares of the basic materials company’s stock worth $377,585,000 after acquiring an additional 150,461 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of CF Industries by 7.0% during the 4th quarter. Boston Partners now owns 3,316,616 shares of the basic materials company’s stock worth $283,044,000 after purchasing an additional 216,395 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors.

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.