Barclays Has Lowered Expectations for CF Industries (NYSE:CF) Stock Price

CF Industries (NYSE:CF) had its target price dropped by stock analysts at Barclays from $100.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s target price indicates a potential upside of 23.94% from the company’s previous close.

CF has been the subject of several other reports. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating and set a $84.00 target price for the company in a report on Monday, February 24th. Oppenheimer lowered their target price on shares of CF Industries from $114.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, January 28th. JPMorgan Chase & Co. lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. UBS Group lowered their target price on shares of CF Industries from $92.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Royal Bank of Canada lowered their target price on shares of CF Industries from $100.00 to $90.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Two 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $90.15.

CF Industries Stock Performance

CF Industries stock opened at $76.65 on Wednesday. The stock’s 50 day simple moving average is $86.74 and its two-hundred day simple moving average is $85.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.52 and a current ratio of 3.08. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.37 and a beta of 0.99. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $98.25.

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

Insider Buying and Selling at CF Industries

In other CF Industries news, VP Ashraf K. Malik sold 8,889 shares of the business’s stock in a transaction 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 directly owns 15,871 shares in the company, valued at approximately $1,507,745. The trade was a 35.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Susan L. Menzel sold 1,500 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 93,986 shares of the company’s stock, valued at approximately $8,928,670. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,889 shares of company stock worth $1,130,955. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of hedge funds have recently added to or reduced their stakes in CF. Central Pacific Bank Trust Division bought a new stake in shares of CF Industries during the 4th quarter valued at $74,000. Kingsview Wealth Management LLC bought a new stake in shares of CF Industries during the 3rd quarter valued at $3,149,000. AMG National Trust Bank bought a new stake in shares of CF Industries during the 3rd quarter valued at $887,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of CF Industries by 14.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,807 shares of the basic materials company’s stock valued at $14,543,000 after acquiring an additional 21,632 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of CF Industries by 118.7% during the 3rd quarter. Quantinno Capital Management LP now owns 15,991 shares of the basic materials company’s stock valued at $1,372,000 after acquiring an additional 8,679 shares during the period. 93.06% of the stock is currently owned by hedge funds and other 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.