Barclays Cuts CF Industries (NYSE:CF) Price Target to $95.00

CF Industries (NYSE:CF) had its price objective lowered by Barclays from $100.00 to $95.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the basic materials company’s stock.

A number of other brokerages have also weighed in on CF. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. UBS Group decreased their price target on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. JPMorgan Chase & Co. lowered 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, January 24th. Royal Bank of Canada decreased their price target on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Scotiabank decreased their price target on shares of CF Industries from $88.00 to $81.00 and set a “sector underperform” rating on the stock in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and an average target price of $90.15.

CF Industries Trading Up 0.9 %

CF stock opened at $77.28 on Wednesday. The company’s 50-day simple moving average is $86.57 and its 200-day simple moving average is $85.44. The company has a quick ratio of 2.52, a current ratio of 3.08 and a debt-to-equity ratio of 0.39. CF Industries has a 52-week low of $69.13 and a 52-week high of $98.25. The firm has a market cap of $13.10 billion, a P/E ratio of 11.42, a PEG ratio of 0.37 and a beta of 0.99.

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

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.59%. CF Industries’s payout ratio is 29.54%.

Insider Buying and Selling at CF Industries

In other news, VP Ashraf K. Malik sold 8,889 shares of the firm’s 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 $844,455.00. Following the completion of the sale, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This trade represents a 35.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now owns 92,486 shares of the company’s stock, valued at $8,878,656. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,889 shares of company stock worth $1,130,955. Insiders own 0.42% of the company’s stock.

Institutional Trading of CF Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mizuho Bank Ltd. purchased a new position in shares of CF Industries during the 4th quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new position in shares of CF Industries during the 4th quarter worth approximately $34,000. Brooklyn Investment Group purchased a new position in shares of CF Industries during the 3rd quarter worth approximately $39,000. Creative Financial Designs Inc. ADV boosted its position in shares of CF Industries by 50.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 478 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 161 shares during the period. Finally, Asset Planning Inc purchased a new position in shares of CF Industries during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

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.